Showing 61 - 70 of 133
Persistent link: https://www.econbiz.de/10009655795
Eliaz (2004) has established a "meta-theorem" for preference aggregation which implies both Arrow's Theorem (1963) and the Gibbard-Satterthwaite Theorem (1973, 1975). This theorem shows that the driving force behind impossibility theorems in preference aggregation is the mutual exclusiveness of...
Persistent link: https://www.econbiz.de/10003818219
Persistent link: https://www.econbiz.de/10006894915
Many procedures have been suggested for the venerable problem of dividing a set of indivisible items between two players. We propose a new algorithm (AL), related to one proposed by Brams and Taylor (BT), which requires only that the players strictly rank items from best to worst. Unlike BT, in...
Persistent link: https://www.econbiz.de/10011260855
Persistent link: https://www.econbiz.de/10008926025
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
This paper considers cost sharing rules for the continuous knapsack problem. We assume a knapsack with a weight constraint to be filled with items of different weights chosen from a set of items. The cost of the knapsack needs to be shared among the individuals who approve or disapprove of...
Persistent link: https://www.econbiz.de/10010994704
In this paper we investigate the problem of selecting a committee consisting of k members from a list of m candidates. Each candidate has a certain cost or weight. The choice of the k-committee has to satisfy some budget or weight constraint: the sum of the weights of all committee members must...
Persistent link: https://www.econbiz.de/10011065166
We analyze a simple sequential algorithm (SA) for allocating indivisible items that are strictly ranked by n ≥ 2 players. It yields at least one Pareto-optimal allocation which, when n = 2, is envy-free unless no envy-free allocation exists. However, an SA allocation may not be maximin or...
Persistent link: https://www.econbiz.de/10011111579
An allocation of indivisible items among n ≥ 2 players is proportional if and only if each player receives a proportional subset—one that it thinks is worth at least 1/n of the total value of all the items. We show that a proportional allocation exists if and only if there is an allocation...
Persistent link: https://www.econbiz.de/10011111823