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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
hence relax this constraint and consider pair-efficiency. A rule is pair-efficient if it never induces an allocation at …
Persistent link: https://www.econbiz.de/10013308232
We study the allocation problem of an indivisible object to one of several agents on the full preference domain when …
Persistent link: https://www.econbiz.de/10012970732
We analyze bankruptcy problems with an indivisible object, where real owners and outside traders want to allocate an indivisible object among them with monetary compensation. The object might be a company that has gone bankrupt or a house left by a parent who has died, and so on. We show that...
Persistent link: https://www.econbiz.de/10011434024
We search for impartiality in the allocation of objects when monetary transfers are not possible. Our main focus is … introducing randomization to object allocation problems is almost inevitable for achieving impartiality. …
Persistent link: https://www.econbiz.de/10010487558
-free allocation is selected with respect to these announced preferences. I prove that the proposed mechanism implements both in Nash …
Persistent link: https://www.econbiz.de/10011517013
We consider house allocation problems (Shapley and Scarf, 1974) with strict preferences. We introduce a new axiom …
Persistent link: https://www.econbiz.de/10012961731
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
In the allocation of indivisible objects under weak priorities, a common practice is to break the ties using a lottery … acceptance algorithm and the probabilistic serial mechanism as special cases. Instead of randomizing over deterministic …
Persistent link: https://www.econbiz.de/10014635425
Many real-life applications of house allocation problems are dynamic. For example, in the case of on-campus housing for …, we introduce a model of house allocation with overlapping agents. In terms of dynamic mechanism design, we examine two …-proofness. We provide another simple dynamic mechanism that is strategy-proof and Pareto efficient. -- house allocation …
Persistent link: https://www.econbiz.de/10003883281