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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.
Persistent link: https://www.econbiz.de/10011744271
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
In a moneyless market, a non storable, non transferable homogeneous commodity is reallocated between agents with single-peaked preferences. Agents are either suppliers or demanders. Transfers between a supplier and a demander are feasible only if they are linked, and the links form an arbitrary...
Persistent link: https://www.econbiz.de/10011689320
In a matching problem between students and schools, a mechanism is said to be robustly stable if it is stable, strategy-proof, and immune to a combined manipulation, where a student first misreports her preferences and then blocks the matching that is produced by the mechanism. We find that even...
Persistent link: https://www.econbiz.de/10011694986
We consider the problem of allocating heterogeneous objects to agents with money, where the number of agents exceeds that of objects. Each agent can receive at most one object, and some objects may remain unallocated. A bundle is a pair consisting of an object and a payment. An agent's...
Persistent link: https://www.econbiz.de/10014418154
Let 𝝫𝑛 be the set of the binary strategy-proof social choice functions referred to a group of n voters who are allowed to declare indifference between the alternatives. We provide a recursive way to obtain the set 𝝫𝑛+1 from the set 𝝫𝑛. Computing the cardinalities |𝝫𝑛|...
Persistent link: https://www.econbiz.de/10014418174
The paper considers a voting model where each voter's type is her preference. The type graph for a voter is a graph whose vertices are the possible types of the voter. Two vertices are connected by an edge in the graph if the associated types are "neighbors." A social choice function is locally...
Persistent link: https://www.econbiz.de/10012806446
The paper proves the following result: every path-connected domain of preferences that admits a strategy-proof, unanimous, tops-only random social choice function satisfying a compromise property, is single-peaked. Conversely, every single-peaked domain admits a random social choice function...
Persistent link: https://www.econbiz.de/10011671964