Implementation of individually rational social choice functions with guaranteed utilities

A simple mechanism is presented that allocates an indivisible object between two agents for almost any possible compensation rule. Furthermore, the equilibrium strategy guarantees a level of utility not less than -[epsilon], where [epsilon] can be arbitrarily small.

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Year of publication:	2011
Authors:	Mealem, Yosef
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 112.2011, 2, p. 165-167
Publisher:	Elsevier
Keywords:	Indivisible object Individual rationality Guaranteed utility

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009146149