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We consider risk sharing problems with a single good and ?nite number of states. Agents have a common prior and their preferences are represented in the expected utility form and are risk averse. We study efficient and individually rational risk sharing rules satisfying strategy-proofness, the...
Persistent link: https://www.econbiz.de/10005057394
This paper studies the problem of allocating divisible resources among agents based on their characteristics. A simple example is the bankruptcy problem, which allocates the liquidation value of a bankrupted firm to creditors based on their claims. By allowing agents' characteristics to be...
Persistent link: https://www.econbiz.de/10005057403
In the problem of locating multiple public facilities studied by Barbera and Bevia (2002), we offer simple necessary and sufficient conditions for effciency, decentralizability of efficient decisions in a game of community division and local public goods provision, and a constructive algorithm...
Persistent link: https://www.econbiz.de/10005115539
We formalize a notion of conditionally decisive powers of which the exercise depends on social consent. Decisive powers, or the so-called libertarian rights, are examples and much weaker forms of powers are covered by our notion. Main results provide an axiomatic characterization for existence...
Persistent link: https://www.econbiz.de/10005115541
We consider an abstract model of division problems where each agent is identi- fied by a characteristic vector. Agents are situated on a network (a non-directed graph) and any connected coalition can reallocate members¡¯ characteristics (e.g. reallocation of claims in bankruptcy problems). A...
Persistent link: https://www.econbiz.de/10005115545
Progressivity, inequality reduction and merging-proofness are three well-known axioms in taxation. We investigate implications of each of the three axioms through characterizations of several families of taxation rules and their logical relations. We also study the preservation of these axioms...
Persistent link: https://www.econbiz.de/10005115547
Persistent link: https://www.econbiz.de/10005369324
Persistent link: https://www.econbiz.de/10005369406
In claims problems, we study coalitional manipulations via claims merging and splitting. We characterize (division) rules that are non-manipulable via (pairwise) splitting and that also satisfy standard axioms of equal treatment of equals, consistency, and continuity. And we obtain a similar...
Persistent link: https://www.econbiz.de/10005370605
We consider a model of social choice dealing with the problem of choosing a subset from a set of objects (e.g. candidate selection, membership, and qualification problems). Agents have trichotomous preferences for which objects are partitioned into three indifference classes, goods, bads, and...
Persistent link: https://www.econbiz.de/10005370764