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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...
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Condorcet domains are sets of linear orders with the property that, whenever the preferences of all voters of a society belong to this set, their majority relation has no cycles. We observe that, without loss of generality, every such domain can be assumed to be closed in the sense that it...
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In this paper, we show that in pure exchange economies where the number of goods equals or exceeds the number of agents, any Pareto-efficient and strategy-proof allocation mechanism always allocates the total endowment to some single agent even if the receivers vary.
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We review the theory of fairness as it pertains to concretely specified problems of resource allocations. We present punctual notions designed to evaluate how well individuals, or groups, are treated in relation to one another: no-envy, egalitarian-equivalence, individual and collective lower or...
Persistent link: https://www.econbiz.de/10014025187
In a voting model where the set of feasible alternatives is a subset of a product set $A = A_1\times\cdots\ldots{}A_m$ of $m$ finite categories, we characterize the set of all strategy-proof social choice functions for three different types of preference domains over $A$, namely for the domains...
Persistent link: https://www.econbiz.de/10011689054
Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...
Persistent link: https://www.econbiz.de/10012817856
A random assignment is robust ex-post Pareto efficient whenever for any of its lottery decomposition, each deterministic assignment in its support is Pareto efficient. We show that ordinal efficiency implies robust ex-post Pareto efficiency while the reverse does not hold. We know that...
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