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firms, or imagine that a government distributes equally divided lands to households. We show that the Vickrey allocation … rule is the unique allocation rule satisfying strategy-proofness, anonymity and individual rationality. -- strategy …-proofness ; anonymity ; indivisible good ; Vickrey allocation rule …
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precision. -- Fair Division ; Maxmin Allocation ; Kalai Bargaining Solution ; Cooperative Game Theory …
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This paper proposes a simple descriptive model for discrete-time double auction markets of divisible assets. As in the classical models of exchange economics, we consider a finite set of agents described by their initial endowments and preferences. Instead of the classical Walrasian-type market...
Persistent link: https://www.econbiz.de/10012843540
In this paper, we discuss a manager's allocation problem. Two managers allocate their heterogeneous employees - each … two period model. There are three possibilities of groups' constellation depending on manager's allocation decision …
Persistent link: https://www.econbiz.de/10012728989
rights were auctioned by FCC in 1994 in the US. Prior to using auctions for spectrum allocation other methods like … auctions for spectrum allocation because of there comparative advantages over other methods. This paper critically analysis the … pros and cons of different methods used in spectrum allocation. The method of using Simultaneous Ascending Auctions in …
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