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Persistent link: https://www.econbiz.de/10014470912
desirable properties, which highlights the strong tension between egalitarian-equivalence and efficiency. In contrast, in the … case of two agents and a single object, egalitarian-equivalence is compatible with efficiency. …
Persistent link: https://www.econbiz.de/10014418154
Persistent link: https://www.econbiz.de/10013465506
In this paper, we consider a relationship between equity and efficiency in queueing problems. We show that under … strategy-proofness, anonymity in welfare implies queue-efficiency. Furthermore, we also give a characterization of the equally …
Persistent link: https://www.econbiz.de/10005710066
The division problem consists of allocating an amount of a perfectly divisible good among a group of n agents with single-peaked preferences. A rule maps preference profiles into n shares of the amount to be allocated. A rule is bribe-proof if no group of agents can compensate another agent to...
Persistent link: https://www.econbiz.de/10005823954
rules satisfying efficiency, individual rationality, and strategy-proofness. However, when aggregate uncertainty holds, we …
Persistent link: https://www.econbiz.de/10005057394
A set of agents with possibly different waiting costs have to receive the same service one after the other. Efficiency … not know agents’ waiting costs, they may have no incentive to reveal them. We identify the only rule satisfying Pareto-efficiency … that even non-single-valued rules satisfy Pareto-efficiency of queues and strategy-proofness if and only if they select …
Persistent link: https://www.econbiz.de/10005042819
the MPW rule is the unique rule satisfying \textit{strategy-proofness}, \textit{efficiency}, \textit …
Persistent link: https://www.econbiz.de/10010773117
-proofness or efficiency. We show that stability is compatible with strategy-proofness or efficiency if and only if the priority …
Persistent link: https://www.econbiz.de/10010719484
We show that strategy-proof allocation mechanisms for economies with public goods are dictatorial -- i.e., they always select an allocation in their range that maximizes the welfare of the same single individual (the dictator). Further, strategy-proof and efficient allocation mechanisms are...
Persistent link: https://www.econbiz.de/10008838391