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break the ties using a lottery and randomize over deterministic allocation mechanisms. Such randomizations usually lead to …-ante fair solution. Ex- ante fair random allocations are generated using "allocation by division", a new method of generating … random allocations from deterministic allocation mechanisms. Insights from the two-sided matching theory and the recent …
Persistent link: https://www.econbiz.de/10012956467
). Finally, adding a consistency axiom, the two optimal rules are characterized in the general domain of allocation rules for two …
Persistent link: https://www.econbiz.de/10012911512
). Finally, adding a consistency axiom, the two optimal rules are characterized in the general domain of allocation rules for two …
Persistent link: https://www.econbiz.de/10012911676
. I contribute a novel comparative statics result on the egalitarian solutions to monotone and concave cooperative games …
Persistent link: https://www.econbiz.de/10012908299
We survey the economics of transboundary river water allocation, which emerged in the 1960s and has matured over the … attention to the strategic aspects of transboundary river water allocation. These strategic aspects are captured by employing … game theory to assess the economics of transboundary river water allocation in a simple model of river sharing. This model …
Persistent link: https://www.econbiz.de/10010412473
). Finally, adding a consistency axiom, the two optimal rules are characterized in the general domain of allocation rules for two …
Persistent link: https://www.econbiz.de/10011901866
profile the number of agents who can manipulate the rule. Second, we show that maximally preferred fair allocation rules are … the minimally (individually and coalitionally) manipulable fair and budget-balanced allocation rules according to our new …
Persistent link: https://www.econbiz.de/10011674186
Decision Makers express their view on what is fair for others, by recommending a payoff allocation for three subjects …
Persistent link: https://www.econbiz.de/10014151824
This paper studies the problem of assigning a set of indivisible objects to a set of agents when monetary transfers are not allowed and agents reveal only ordinal preferences, but random assignments are possible. We offer two characterizations of the probabilistic serial mechanism, which assigns...
Persistent link: https://www.econbiz.de/10011684921
on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … allocation which can be interpreted as the outcome of a negotiation process when all agents form a grand coalition … test by which it can be checked whether a given allocation is in the core thus being a possible outcome of a cooperative …
Persistent link: https://www.econbiz.de/10010270530