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The study of matching problems typically assumes that agents precisely know their preferences over the goods to be assigned. Within applied contexts, this assumption stands out as particularly counterfactual. Parents typically do invest a large amount of time and resources to find out which...
Persistent link: https://www.econbiz.de/10010323865
A version of the Second Fundamental Theorem of Welfare Economics that applies to a money-free environment, in which a set of indivisible goods needs to be matched to some set of agents, is established. In such environments, 'trade' can be identified with the set of hierarchical exchange...
Persistent link: https://www.econbiz.de/10010286694
This article is concerned with the welfare properties of trade when the behavior of agents cannot be rationalized by preferences. I investigate this question in an environment of matching allocation problems. There are two reasons for doing so: firstly, the finiteness of such problems entails...
Persistent link: https://www.econbiz.de/10010286707
Persistent link: https://www.econbiz.de/10003646476
Persistent link: https://www.econbiz.de/10003647645
This article is concerned with the welfare properties of trade when the behavior of agents cannot be rationalized by preferences. I investigate this question in an environment of matching allocation problems. There are two reasons for doing so: firstly, the finiteness of such problems entails...
Persistent link: https://www.econbiz.de/10008779117
We consider private good economies with single-peaked preferences. We show that the uniform rule is the only allocation rule satisfying omega-continuity, no-envy, and one-sided resource-monotonicity. This result strengthens a characterization of the uniform rule due to Thomson (Soc Choice Welf...
Persistent link: https://www.econbiz.de/10009505655
The study of matching problems typically assumes that agents precisely know their preferences over the goods to be assigned. Within applied contexts, this assumption stands out as particularly counterfactual. Parents typically do invest a large amount of time and resources to find out which...
Persistent link: https://www.econbiz.de/10009535060
Persistent link: https://www.econbiz.de/10010260003
Persistent link: https://www.econbiz.de/10003830346