Showing 1 - 10 of 15
The significance of population monotonicity and welfare bounds is well-recognized in the fair division literature. We characterize population monotonic and incentive compatible mechanisms which allocate the goods efficiently and respect a welfare lower bound chosen in the fair allocation problem...
Persistent link: https://www.econbiz.de/10009371334
We study the problem of allocating objects when monetary transfers are possible. We are interested in mechanisms that allocate the objects in an efficient way and induce the agents to report their true preferences. Within the class of such mechanisms, first we characterize egalitarian-equivalent...
Persistent link: https://www.econbiz.de/10008727522
Starting from her home, a service provider visits several customers, following a predetermined route, and returns home after all customers are visited. The problem is to find a fair allocation of the total cost of this tour among the customers served. A transferable-utility cooperative game can...
Persistent link: https://www.econbiz.de/10008542616
We study the problem of allocating objects when monetary transfers are possible. We are interested in mechanisms that allocate the objects in an efficient way and induce the agents to report their true preferences. Within the class of such mechanisms, fist we characterize egalitarian-equivalent...
Persistent link: https://www.econbiz.de/10008542629
We study the allocation of collectively owned indivisible goods when monetary transfers are possible. We restrict our attention to incentive compatible mechanisms which allocate the goods efficiently. Among these mechanisms, we characterize those that respect the identical-preferences...
Persistent link: https://www.econbiz.de/10009204992
The significance of population monotonicity and welfare bounds is well-recognized in the fair division literature. We characterize population monotonic and incentive compatible mechanisms which allocate the goods efficiently and respect a welfare lower bound chosen in the fair allocation problem...
Persistent link: https://www.econbiz.de/10010562399
In the problem of assigning indivisible goods and monetary transfers, we characterize welfare-egalitarian mechanisms (that are decision-efficient and incentive compatible) with an axiom of solidarity under preference changes and a fair ranking axiom of order preservation. This result is in line...
Persistent link: https://www.econbiz.de/10008876318
We characterize welfare-egalitarian mechanisms (that are decision-efficient and incentive compatible) with the two fundamental axioms of fairness: no-envy and egalitarian-equivalence. We consider cases where agents have equal rights over external world resources but are individually responsible...
Persistent link: https://www.econbiz.de/10008876319
Starting from her home, a service provider visits several customers, following a predetermined route, and returns home after all customers are visited. The problem is to ?nd a fair allocation of the total cost of this tour among the customers served. A transferable-utility cooperative game can...
Persistent link: https://www.econbiz.de/10008764781
In this paper we extend the results of recent studies on the existence of equilibrium in finite dimensional asset markets for both bounded and unbounded economies. We do not assume that the individual's preferences are complete or transitive. Our existence theorems for asset markets allow for...
Persistent link: https://www.econbiz.de/10008677885