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We provide a necessary and sufficient condition under which core allocations treat substitute players equally. The core of a game satisfies the equal treatment property if and only if no player needs the participation of all of her substitutes to attain her core payoffs. We show how this...
Persistent link: https://www.econbiz.de/10012967580
We study the problem of allocating a bundle of perfectly divisible private goods from an axiomatic point of view, in situations where compensations can be made through monetary transfers. The key property we impose on the allocation rule requires that no agent should be able to gain by...
Persistent link: https://www.econbiz.de/10003897742
Persistent link: https://www.econbiz.de/10009308127
We study the problem of allocating a bundle of perfectly divisible private goods from an axiomatic point of view, in situations where compensations can be made through monetary transfers. The key property we impose on the allocation rule requires that no agent should be able to gain by...
Persistent link: https://www.econbiz.de/10012910369