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We consider house (re)allocation problems (Shapley and Scarf, 1974) with strict preferences. We are concerned with the …
Persistent link: https://www.econbiz.de/10012921955
The purpose of this paper is to prove the existence of an allocation that is fair, when the preferences of all agents … assignments of object be necessarily feasible. An allocation is said to be fair, if it is Pareto optimal and no individual prefers … necessary and sufficient condition for the existence of a fair allocation is that the feasible set of assignments contain an …
Persistent link: https://www.econbiz.de/10012924627
We study the indivisible object allocation problem without monetary transfer, in which each object is endowed with a … priority structures that admit a stable, efficient and (group) strategy-proof rule. While house allocation problems and housing … markets are two classic families of allocation problems that admit a stable, efficient and group strategy-proof rule, any …
Persistent link: https://www.econbiz.de/10013032068
We report an experiment on the Probabilistic Serial (PS) mechanism for allocating indivisible goods. The PS mechanism … mechanism. We confront subjects with situations in which theory suggests that there is an incentive or no incentive to misreport …
Persistent link: https://www.econbiz.de/10013063783
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This paper studies the problem of assigning a set of indivisible objects to a set of agents when monetary transfers are not allowed and agents reveal only ordinal preferences, but random assignments are possible. We offer two characterizations of the probabilistic serial mechanism, which assigns...
Persistent link: https://www.econbiz.de/10011684921
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