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We propose a procedure for dividing indivisible items between two players in which each player ranks the items from best to worst and has no information about the other player’s ranking. It ensures that each player receives a subset of items that it values more than the other player’s...
Persistent link: https://www.econbiz.de/10005616848
This paper compares binary versions of two well-known preference aggregation methods designed to overcome problems occurring from voting cycles, Copeland's (1951) and Dodgson''s (1876) method. In particular it will first be shown that the Copeland winner can occur at any position in the Dodgson...
Persistent link: https://www.econbiz.de/10010629538
Persistent link: https://www.econbiz.de/10008926025
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
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