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We search for impartiality in the allocation of objects when monetary transfers are not possible. Our main focus is … introducing randomization to object allocation problems is almost inevitable for achieving impartiality. …
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We consider the problem of probabilistically allocating a single indivisible good among agents when monetary transfers are allowed. We construct a new strategy-proof rule, called the second price trading rule, and show that it is second best efficient. Furthermore, we give the second price...
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