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allocations. In particular, we find that losses always can be distributed equidistant to every agent's ideal allocation …. Interestingly, this fair allocation coincides with the intermediate fixed-fraction rule when individual losses are identical. …
Persistent link: https://www.econbiz.de/10012222188
When losses caused by one agent onto another triggers losses to a third, "victim" turns into "injurer" in the chain's subsequent steps. Should agents be responsible for the direct loss they cause or also bear some of the indirect losses they trigger? Through an axiomatic approach, we...
Persistent link: https://www.econbiz.de/10012316636
The goal of this paper is to present an optimal resource allocation model for the regional allocation of public service … improvement of decentralised public resource allocation systems. The method introduced in this paper has relevance as a resource … allocation guide for the majority of services centrally funded by the public sector in a given country, such as health care …
Persistent link: https://www.econbiz.de/10014159133
group of people as fairly and as efficiently as possible. A particular constraint for such an allocation is that every … allocation. It is shown that every perfectly fair allocation is efficient and envy-free, income-fair and furthermore gives every … allocation. It is shown that there exists a perfectly fair allocation if and only if an associated linear program problem has a …
Persistent link: https://www.econbiz.de/10014120927
This paper studies the problem of how to distribute a set of indivisible objects with an amount M of money among a number of agents in a fair way. We allow any number of agents and objects. Objects can be desirable or undesirable and the amount of money can be negative as well. In case M is...
Persistent link: https://www.econbiz.de/10014121719
solution concept to this problem called a perfectly fair allocation. It is a refinement of the concept of fair allocation. An … appealing and interesting property of this concept is that every perfectly fair allocation is Pareto optimal. It is also shown … that a perfectly fair allocation is envy free and gives each agent what he likes best, and that a fair allocation need not …
Persistent link: https://www.econbiz.de/10014125049
This paper develops a formal approach to evaluating freedom in interactive settings based on the literatures on preference for flexibility and measurement of diversity. The approach posits that freedom has an instrumental component -- grounded in preferences -- and an intrinsic component. The...
Persistent link: https://www.econbiz.de/10013028882
This paper studies majority voting on taxes when tax evasion is possible. We characterize the voting equilibrium where the agent with median taxed income is pivotal. Since the ranking of true incomes does not necessarily correspond to the ranking of taxed incomes, the decisive voter can differ...
Persistent link: https://www.econbiz.de/10003412383
relationship between the margins of trade and firm productivity, both across firms and within firms over time. In addition, we … and the value of CAT exports responds differently to variation in firm productivity and trade costs than does the export …
Persistent link: https://www.econbiz.de/10011596461
firms have to learn their productivity. We match our model with the salient features of the data and show that our model …
Persistent link: https://www.econbiz.de/10012583062