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resource. The individual allocation proposals are aggregated in terms of altruism and value for the resource under dispute to … obtain a single allocation. The resulting allocation rule is generalized to the n-individuals case through efficiency and … number of situations, such as river sharing problems, sequential allocation and rationing problems …
Persistent link: https://www.econbiz.de/10012964228
In this note we study von Neumann-Morgenstern farsightedly stable sets for Shapley and Scarf (1974) housing markets. Kawasaki (2008) shows that the set of competitive allocations coincides with the unique von Neumann-Morgenstern stable set based on a farsighted version of antisymmetric weak...
Persistent link: https://www.econbiz.de/10013159869
willingness to pay for quality, as well as a publicly observed label. A market designer controls allocation and pricing of a set …
Persistent link: https://www.econbiz.de/10012833161
This paper investigates fair (i.e., envy free and efficient) allocations in an overlapping generations economy without production and with two - period lived agents. We show that there exists a conflict between no-envy and efficiency when all generations have identical preferences. This conflict...
Persistent link: https://www.econbiz.de/10012938330
-envy solution on domains of economies where the set of feasible allocations is symmetric (an allocation obtained from a feasible … allocation by interchanging the bundles of two agents is also feasible) and preferences are complete (each agent can compare any … classical model of fair allocation, the unidimensional single-peaked model, cake division model, and allocation of indivisible …
Persistent link: https://www.econbiz.de/10013004096
Within a simple setup, we show that fair redistribution of performance-based allocations implies proportional taxation. Fair redistribution is characterized by three properties: efficiency, i.e., redistribution has no cost. Anonymity, i.e., rewards after redistribution do not depend on the...
Persistent link: https://www.econbiz.de/10013056717
We examine the strategy-proof allocation of multiple divisible and indivisible resources; an application is the … assignment of packages of tasks, workloads, and compensations among the members of an organization. We find that any allocation …
Persistent link: https://www.econbiz.de/10013057393
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/10013016467
do better in predicting individual poverty when disaggregated data on allocation within households are not available …
Persistent link: https://www.econbiz.de/10012650401
We consider the multi-object allocation problem with monetary transfers where each agent obtains at most one object … (unit-demand). We focus on allocation rules satisfying individual rationality, no subsidy, efficiency, and strategy …
Persistent link: https://www.econbiz.de/10012581496