Showing 1 - 10 of 104
Persistent link: https://www.econbiz.de/10010257460
We search for impartiality in the allocation of objects when monetary transfers are not possible. Our main focus is anonymity. The standard definition requires that if agents' names are permuted, their assignments should be permuted in the same way. Since no rule satisfies this definition in...
Persistent link: https://www.econbiz.de/10010487558
Persistent link: https://www.econbiz.de/10011385274
Persistent link: https://www.econbiz.de/10010496343
We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that the new axiom (DARP, for “discrete axiom of revealed preference”) is necessary and sufficient for the rationalization of the data by a well-behaved utility function. Our...
Persistent link: https://www.econbiz.de/10010212659
There are several locations, each of which is endowed with a resource that is specific to that location. Examples include coastal fisheries, oil fields, etc. Each agent will go to a single location and harvest some of the resource there. Several agents may go to each location. We assign...
Persistent link: https://www.econbiz.de/10011571805
Persistent link: https://www.econbiz.de/10013366053
Persistent link: https://www.econbiz.de/10014365110
Persistent link: https://www.econbiz.de/10012126653
In this paper we are interested in efficient and individually rational exchange rules for markets with heterogeneous indivisible goods that exclude the possibility that an agent benefits by regrouping goods in her initial endowment. We present a suitable environment in which the existence of...
Persistent link: https://www.econbiz.de/10003731637