Showing 1 - 10 of 2,941
Persistent link: https://www.econbiz.de/10009152626
ordering that favors existing tenants is better than the one that favors newcomers in terms of Pareto efficiency. Meanwhile …
Persistent link: https://www.econbiz.de/10003883281
ordering that favors existing tenants is better than the one that favors newcomers in terms of Pareto efficiency. Meanwhile …
Persistent link: https://www.econbiz.de/10010267121
We consider the problem where agents bargain over their shares of a perfectly divisible commodity. The aim of this paper is to identify the class of bargaining solutions induced by dominant strategy implementable allocation rules. To this end, we characterize the class of dominant strategy...
Persistent link: https://www.econbiz.de/10014041039
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
I consider two-person bargaining problems in which mechanism is selected at the almost ex ante stage---when there is some positive probability that players may have learned their private types---and the chosen mechanism is implemented at the interim stage. For these problems, I define almost ex...
Persistent link: https://www.econbiz.de/10012854555
game theory to assess the economics of transboundary river water allocation in a simple model of river sharing. This model … specific attention to the efficiency, sustainability, and fairness of solutions to this model. We compare and contrast both …
Persistent link: https://www.econbiz.de/10010412473
In a linear production model, we characterize the class of efficient and strategy-proof allocation functions, and the class of efficient and coalition strategy-proof allocation functions. In the former class, requiring equal treatment of equals allows us to identify a unique allocation function....
Persistent link: https://www.econbiz.de/10014179639
This paper analyses the efficiency of the equilibrium allocation in a matching model with two types of workers and jobs … production technologies. Finally, in an extension we derive a tax scheme that restores efficiency and we show how workers …
Persistent link: https://www.econbiz.de/10010272689
Persistent link: https://www.econbiz.de/10001547172