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We consider the problem of allocating indivisible goods to agents who have preferences over the goods. In such a …
Persistent link: https://www.econbiz.de/10013056918
We consider the problem of the fair allocation of indivisible goods and money with non-quasi-linear preferences. The … domain-richness condition, each individual obtains the welfare level of his “optimal” envy-free allocation by maximally …
Persistent link: https://www.econbiz.de/10013026709
, as well as various families extending these notions. We also introduce relational notions specifying how allocation rules …” problem of dividing an unproduced bundle, economies with production, economies with public goods, economies with single …-peaked preferences, economies with indivisible goods, and economies in which the dividend is a non-homogeneous continuum. We consider …
Persistent link: https://www.econbiz.de/10014025187
This paper provides two axiomatizations of the probabilistic serial mechanism. First, the mechanism is characterized by ordinal efficiency, envy-freeness, and truncation robustness. Truncation robustness restricts changes in assignments when agents truncate their preference lists. In this...
Persistent link: https://www.econbiz.de/10014195452
This paper studies the problem of how to distribute a set of indivisible objects with an amount M of money among a number of agents in a fair way. We allow any number of agents and objects. Objects can be desirable or undesirable and the amount of money can be negative as well. In case M is...
Persistent link: https://www.econbiz.de/10014121719
solution concept to this problem called a perfectly fair allocation. It is a refinement of the concept of fair allocation. An … appealing and interesting property of this concept is that every perfectly fair allocation is Pareto optimal. It is also shown … that a perfectly fair allocation is envy free and gives each agent what he likes best, and that a fair allocation need not …
Persistent link: https://www.econbiz.de/10014125049
to the players. The allocation(s) that AL yields are Pareto-optimal, envy-free, and maximal; as the number of items …
Persistent link: https://www.econbiz.de/10013081091
house allocation model, we characterize the class of rules satisfying unavailable object invariance, individual rationality …
Persistent link: https://www.econbiz.de/10010222190