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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
We extends the single-crossing property of preferences to tree graphs, and show that it is equivalent to intermediate preferences and order restriction, also extended to tree graphs. Moreover, to facilitate the use of single-crossing in network games, we develop algorithms to answer the...
Persistent link: https://www.econbiz.de/10013076518
In discrete exchange economies with possibly redundant and joint ownership, we propose new core notions in the conventional flavor by regarding endowments as rights to consume or trade with others. Our key idea is to identify self-enforcing coalitions and to redistribute their redundant property...
Persistent link: https://www.econbiz.de/10012839675
This paper studies the possibility of strategy-proof rules yielding satisfactory solutions to matching problems. Alcalde and Barberá (1994) show that effcient and individually rational matching rules are manipulable in the one-to-one matching model. We pursue the possibility of strategy-proof...
Persistent link: https://www.econbiz.de/10010332209
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
This paper studies the possibility of strategy-proof rules yielding satisfactory solutions to matching problems. Alcalde and Barberá (1994) show that effcient and individually rational matching rules are manipulable in the one-to-one matching model. We pursue the possibility of strategy-proof...
Persistent link: https://www.econbiz.de/10003397473
We observe that many salient rules to allocate private goods are not only (partially) strategy-proof, but also (partially) group strategy-proof, in appropriate domains of definition. That is so for solutions to matching, division, cost sharing, house allocation and auctions, in spite of the...
Persistent link: https://www.econbiz.de/10013031379
We observe that three salient solutions to matching, division and house allocation problems are not only (partially) strategy-proof, but (partially) group strategy-proof as well, in appropriate domains of definition. That is the case for the Gale-Shapley mechanism, the uniform rule and the top...
Persistent link: https://www.econbiz.de/10013033174
This paper studies the possibility of strategy-proof rules yielding satisfactory solutions to matching problems. Alcalde and Barberá (1994) show that efficient and individually rational matching rules are manipulable in the one-to-one matching model. We pursue the possibility of strategy-proof...
Persistent link: https://www.econbiz.de/10014053961
It is known that on some social choice and economic domains, a social choice function is coalition strategy-proof if and only if it is Maskin monotonic (e.g. Muller and Satterthwaite, 1977). This paper studies the foundation of those results. I provide a set of conditions which is sufficient for...
Persistent link: https://www.econbiz.de/10010332423