Showing 1 - 10 of 151
We consider the problem of fairly reallocating the individual endowments of a perfectly divisible good among agents with single-peaked preferences. We provide a new concept of fairness, called position-wise envy-freeness, that is compatible with individual rationality. This new concept requires...
Persistent link: https://www.econbiz.de/10011317289
As a random allocation rule for indivisible object allocation problems under weak priorities, deferred acceptance with single tie-breaking (DA-STB) is not ex-post constrained efficient. We first observe that it also fails to satisfy a natural fairness notion, symmetry at the top, which requires...
Persistent link: https://www.econbiz.de/10012844514
This paper considers the problem of allocating N indivisible objects among N agents according to their preferences when transfers are not allowed, and studies the tradeoff between fairness and efficiency in the class of strategy-proof mechanisms. The main finding is that for strategy-proof...
Persistent link: https://www.econbiz.de/10010438227
Are there collective decision methods which (i) give everyone, including minorities, an equal share of effective power even if voters act strategically, (ii) promote consensus and equality, rather than polarization and inequality, and (iii) do not favour the status quo or rely too much on...
Persistent link: https://www.econbiz.de/10013242304
We consider the problems of fairly allocating indivisible objects and money. The objective of the present study is to examine strategic manipulation under envy-free solutions. We show that each individual obtains the welfare level of his "optimal" envy-free allocation by maximally manipulating...
Persistent link: https://www.econbiz.de/10013106966
When allocating indivisible objects, agents might have equal priority rights for some objects. A common practice is to break the ties using a lottery and randomize over deterministic allocation mechanisms. Such randomizations usually lead to unfairness and inefficiency ex-ante. We propose a...
Persistent link: https://www.econbiz.de/10012956467
We characterize choice rules for schools that regard students as substitutes while expressing preferences for a diverse student body. The stable (or fair) assignment of students to schools requires the latter to regard the former as substitutes. Such a requirement is in conflict with the reality...
Persistent link: https://www.econbiz.de/10013064897
In the random assignment problem, there is a set of agents and a set of the same number of indivisible objects. Each agent has a preference ordering over the objects. We seek a method of assigning one object to each agent, using some randomisation to achieve fairness. The central solutions are...
Persistent link: https://www.econbiz.de/10014078118
In the allocation of indivisible objects under weak priorities, a common practice is to break the ties using a lottery and randomize over deterministic mechanisms. Such randomizations usually lead to unfairness and inefficiency ex-ante. We propose and study the concept of ex-ante fairness for...
Persistent link: https://www.econbiz.de/10014635425
A common real-life problem is to fairly allocate a number of indivisible objects and a fixed amount of money among a group of agents. Fairness requires that each agent weakly prefers his consumption bundle to any other agent's bundle. In this context, fairness is incompatible with budget-balance...
Persistent link: https://www.econbiz.de/10011674186