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This paper studies the application of the notion of secure implementation (Cason, Saijo, Sjöström, and Yamato, 2006; Saijo, Sjöström, and Yamato, 2007) to the problem of allocating indivisible objects with monetary transfers. We propose a new domain-richness condition, termed as minimal...
Persistent link: https://www.econbiz.de/10010332239
This paper considers the object allocation problem introduced by Shapley and Scarf (1974). We study secure implementation (Saijo, Sjostrom, and Yamato, 2007), that is, double implementation in dominant strategy and Nash equilibria. We prove that (i) an individually rational solution is securely...
Persistent link: https://www.econbiz.de/10004983404
This paper studies the application of the notion of secure implementation (Cason, Saijo, Sjostrom, and Yamato, 2006; Saijo, Sjostrom, and Yamato, 2007) to the problem of allocating indivisible objects with monetary transfers. We propose a new domain-richness condition, termed as minimal richness. We...
Persistent link: https://www.econbiz.de/10005023664
This paper studies secure implementation [Saijo, T., Sjöström, T., Yamato, T., 2007. Secure implementation. Theoretical Economics 2, 203-229] in economies with indivisible objects and money. We establish that on any minimally rich domain that is proposed in our paper, only constant social...
Persistent link: https://www.econbiz.de/10005296530
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We consider the problems of fairly allocating indivisible objects and money. The objective of the present study is to examine strategic manipulation under envy-free solutions. We show that each individual obtains the welfare level of his "optimal" envy-free allocation by maximally manipulating...
Persistent link: https://www.econbiz.de/10013106966
We consider house allocation problems (Shapley and Scarf, 1974) with strict preferences. We introduce a new axiom called pre-exchange-proofness, which states that no pair of agents gain by exchanging their endowments with each other prior to the operation of the chosen rule. We establish that a...
Persistent link: https://www.econbiz.de/10012961731