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Fair reallocation in economies with single-peaked preferences
Hashimoto, Kazuhiko; Wakayama, Takuma - 2015
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
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Least Manipulable Envy-free Rules in Economies with Indivisibilities
Andersson, Tommy; Ehlers, Lars; Svensson, Lars-Gunnar - 2013
We consider envy-free and budget-balanced allocation rules for problems where a number of indivisible objects and a fixed amount of money is allocated among a group of agents. In "small" economies, we identify under classical preferences each agent's maximal gain from manipulation. Using this...
Persistent link: https://www.econbiz.de/10013208606
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An Algorithm for Identifying Least Manipulable Envy-Free and Budget-Balanced Allocations in Economies with Indivisibilities
Andersson, Tommy; Ehlers, Lars - 2021
We analyze the problem of allocating indivisible objects and monetary compensations to a set of agents. In particular, we consider envy-free and budget-balanced rules that are least manipulable with respect to agents counting or with respect to utility gains. A key observation is that, for any...
Persistent link: https://www.econbiz.de/10013208893
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Fair reallocation in economies with single-peaked preferences
Hashimoto, Kazuhiko; Wakayama, Takuma - 2015
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/10011317289
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N-Person cake-cutting: there may be no perfect division
Brams, Steven J.; Jones, Michael A.; Klamler, Christian - Volkswirtschaftliche Fakultät, … - 2011
A cake is a metaphor for a heterogeneous, divisible good, such as land. A perfect division of cake is efficient (also called Pareto-optimal), envy-free, and equitable. We give an example of a cake in which it is impossible to divide it among three players such that these three properties are...
Persistent link: https://www.econbiz.de/10009325605
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Least Manipulable Envy-free Rules in Economies with Indivisibilities
Andersson, Tommy; Ehlers, Lars; Svensson, Lars-Gunnar - Nationalekonomiska Institutionen, Ekonomihögskolan - 2012
We consider envy-free and budget-balanced allocation rules for problems where a number of indivisible objects and a fixed amount of money is allocated among a group of agents. In "small" economies, we identify under classical preferences each agent's maximal gain from manipulation. Using this...
Persistent link: https://www.econbiz.de/10010818647
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The death of welfare economics: History of a controversy
Igersheim, Herrade - 2017
that Kenneth Arrow's impossibility theorem, as set out in his path-breaking Social Choice and Individual Values in 1951 … exist under reasonable conditions. Indeed, from the very start, Arrow kept asserting that his famous impossibility result … remained active on this issue and continued to defend the concept he had devised with Bergson, tooth and nail, against Arrow …
Persistent link: https://www.econbiz.de/10011613819
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The death of welfare economics : history of a controversy
Igersheim, Herrade - 2017
that Kenneth Arrow's impossibility theorem, as set out in his path-breaking Social Choice and Individual Values in 1951 … exist under reasonable conditions. Indeed, from the very start, Arrow kept asserting that his famous impossibility result … remained active on this issue and continued to defend the concept he had devised with Bergson, tooth and nail, against Arrow …
Persistent link: https://www.econbiz.de/10011610213
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Evaluating intergenerational risks : probabillity adjusted rank-discounted utilitarianism
Asheim, Geir B.; Zuber, Stéphane - 2015 - This version February 20, 2015
Climate policies have stochastic consequences that involve a great number of generations. This calls for evaluating social risk (what kind of societies will future people be born into) rather than individual risk (what will happen to people during their own lifetimes). As a response we propose...
Persistent link: https://www.econbiz.de/10010530542
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Probability adjusted rank-discounted utilitarianism
Asheim, Geir B.; Zuber, Stéphane - 2014
We propose and axiomatize probability adjusted rank-discounted critical-level generalized utilitarianism (PARDCLU). We thus generalize rank-discounted utilitarianism (RDU) (proposed by Zuber and Asheim, 2012) to variable population and risky situations and thereby take important steps towards...
Persistent link: https://www.econbiz.de/10010337541