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On the constrained efficiency of strategy-proof random assignment

Basteck, Christian; Ehlers, Lars H. - 2023

We study the random assignment of indivisible objects among a set of agents with strict preferences. Random Serial Dictatorship is known to be only ex-post efficient and there exist mechanisms which Pareto-dominate it ex ante. However, we show that there is no mechanism that is likewise (i)...

Persistent link: https://www.econbiz.de/10014279888

House allocation via deferred-acceptance

Ehlers, Lars H.; Klaus, Bettina - 2013

house allocation model, we characterize the class of rules satisfying unavailable object invariance, individual rationality …

Persistent link: https://www.econbiz.de/10010222190

Fairness and efficiency in a random assignment : three impossibility results

Nesterov, Alexander - 2014

This paper considers the problem of allocating N indivisible objects among N agents according to their preferences when transfers are not allowed, and studies the tradeoff between fairness and efficiency in the class of strategy-proof mechanisms. The main finding is that for strategy-proof...

Persistent link: https://www.econbiz.de/10010438227

Zur Manipulierbarkeit der Allokation öffentlicher Güter : theoretische Analyse und Simulationsergebnisse

Lindner, Tobias - 2011

Vorschlägen eine Budgetaufteilung (Allokation) bestimmt wird. Von besonderem Interesse ist die Frage, welche Abstimmungsregeln … nicht manipulierbar sind, das heißt für keinen Agenten einen Anreiz bieten, eine Allokation vorzuschlagen, die nicht mit … diese Verfahren als auch andere Abstimmungsregeln zur Allokation öffentlicher Güter sind, wenn man die weitaus größere …

Persistent link: https://www.econbiz.de/10012654078

The limit of discounted utilitarianism

Jonsson, Adam; Voorneveld, Mark - 2014 - Date: March 21, 2014

This paper presents an infinite-horizon version of intergenerational utilitarianism that is both satisfactorily complete and consistent. By studying discounted utilitarianism as the discount factor tends to one, we obtain a welfare criterion --- limit-discounted utilitarianism --- that combines...

Persistent link: https://www.econbiz.de/10010258772

Utilitarianism for infinite utility streams: summable differences and finite averages

Jonsson, Adam; Voorneveld, Mark - 2014 - Date: March 21, 2014

This paper provides axiomatic descriptions of social welfare relations, defined on infinite streams of utility, that are consistent with the utilitarian criterion on subsets where maximizing aggregate utility has a clear interpretation: the streams, or their differences, are summable. Besides...

Persistent link: https://www.econbiz.de/10010258774

The limit of discounted utilitarianism

Jonsson, Adam; Voorneveld, Mark - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 19-37

This paper presents an infinite-horizon version of intergenerational utilitarianism. By studying discounted utilitarianism as the discount factor tends to one, we obtain a new welfare criterion: limit-discounted utilitarianism (LDU). We show that LDU meets the standard assumptions of efficiency,...

Persistent link: https://www.econbiz.de/10011855845

The Limit of Discounted Utilitarianism

Jonsson, Adam - 2013

This paper presents an infinite-horizon version of intergenerational utilitarianism that is both satisfactorily complete and consistent. By studying discounted utilitarianism as the discount factor tends to one, a generalized criterion is obtained, which we completely characterize in terms of...

Persistent link: https://www.econbiz.de/10013078241

Autonomy, Welfare, and the Pareto Principle

Farber, Daniel A. - 2014

The Pareto principle has great intuitive appeal, but poses perplexities on closer examination. What exactly do we mean by “preferences”? Should the principle apply ex post or ex ante? Does it uphold individual autonomy, individual welfare, or both? This essay argues that the Pareto principle...

Persistent link: https://www.econbiz.de/10014148870

Preferences for Redistribution and Social Structure

Schokkaert, Erik; Truyts, Tom - 2014

We model inter-individual differences in preferences for redistribution as a function of (a) self-interest; (b) stable ideological traits; (c) subjective perceptions of the relative importance of the main determinants of income differences (luck, effort, talent). Individuals base the latter on...

Persistent link: https://www.econbiz.de/10014150070