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The Borda Count (BC) is a positional voting procedure fairly often applied in nonpolitical choice settings. It has a usual mixture of good and bad theoretical properties. It is monotonic and consistent and excludes the election of an eventual Condorcet loser. It, however, does not necessarily...
Persistent link: https://www.econbiz.de/10012502969
A competition authority has an objective, which specifies what output profile firms need to produce as a function of production costs. These costs change over time and are only known by the firms. The objective is implementable if inequilibrium, the firms cannot collude on their reports to the...
Persistent link: https://www.econbiz.de/10012876028
A competition authority has an objective, which specifies what output profile firms need to produce as a function of production costs. These costs change over time and are only known by the firms. The objective is implementable if inequilibrium, the firms cannot collude on their reports to the...
Persistent link: https://www.econbiz.de/10012602309
We analyze bankruptcy problems with an indivisible object, where real owners and outside traders want to allocate an indivisible object among them with monetary compensation. The object might be a company that has gone bankrupt or a house left by a parent who has died, and so on. We show that...
Persistent link: https://www.econbiz.de/10011564942
We study strategy-proof probabilistic mechanisms in a binary public decision model when monetary transfers are allowed. We consider not only the pivotal mechanism, the majority voting mechanism, the random serial dictatorship mechanism, and the unanimity mechanism, but also the random chair...
Persistent link: https://www.econbiz.de/10011564945
We consider the allocation problem of assigning heterogenous objects to a group of agents and determining how much they should pay. Each agent receives at most one object. Agents have non-quasi-linear preferences over bundles, each consisting of an object and a payment. Especially, we focus on...
Persistent link: https://www.econbiz.de/10011564952
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...
Persistent link: https://www.econbiz.de/10011421471
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...
Persistent link: https://www.econbiz.de/10011421481
In this paper we consider the exogenous indifference classes model of Barberá and Ehlers (2011) and Sato (2009) and analyze further the relationship between the structure of indifference classes across agents and dictatorship results. The key to our approach is the pairwise partition graph. We...
Persistent link: https://www.econbiz.de/10011421486
Consider the problem of allocating objects to agents and how much they should pay. Each agent has a preference relation over pairs of a set of objects and a payment. Preferences are not necessarily quasi-linear. Non-quasi-linear preferences describe environments where payments influence agents'...
Persistent link: https://www.econbiz.de/10011421509