-scale numerical model of the Western European energy market, we show that different allocation mechanisms can have very different …-based allocation (OBA) of quotas is used. Gas power production is then substantially higher than if quotas are grandfathered. Moreover …

This paper studies welfare maximizing allocation of indivisible objects to ex-ante identical agents in the absence of … about their own valuations. The structure of the optimal allocation policy depends on the agents' relative valuation of the … of welfare for eliciting agents' private information exceeds its benefits. In this case, evenly randomized allocation is …

and distinct area of social choice to one which is integrated into the mainstreams of both social choice theory and … general equilibrium theory, and which has come to be a bridge between these previously disparate areas. One of the most … economics and that at a deep level all forms of resource allocation are equivalent. The topological approach to social choice …

We study the allocation of indivisible objects under the general endowment structures proposed by Pápai (2000) – the … each consistent inheritance structure, Pápai’s hierarchical exchange rule produces the unique core allocation and is …