Showing 1 - 6 of 6
This paper provides three short and very simple proofs of the classical Gibbard-Satterthwaite theorem. The theorem is first proved in the case with only two individuals in the economy. The many individual case follows then from an induction argument (over the number of individuals). The proof of...
Persistent link: https://www.econbiz.de/10005419353
We examine the strategy-proof allocation of multiple divisible and indivisible resources; an application is the assignment of packages of tasks, workloads, and compensations among the members of an organization. We find that any allocation mechanism obtained by maximizing a separably concave...
Persistent link: https://www.econbiz.de/10010732444
We study two-sided ("marriage") and general pairing ("roommate") problems. We introduce "sequences," lists of matchings that are repeated in order. Stable sequences are natural extensions of stable matchings; case in point, we show that a sequence of stable matchings is stable. In addition,...
Persistent link: https://www.econbiz.de/10011079258
Which strategy-proof nonbossy mechanisms exist in a model with a finite number of indivisible goods (houses, jobs, positions) and a compensating perfectly divisible good (money)? The main finding is that only a finite number of distributions of the divisible good is consistent with...
Persistent link: https://www.econbiz.de/10005190590
This paper investigates the problem of allocating two types of indivisible objects among a group of agents when a priority-order must be respected and when only restricted monetary transfers are allowed. Since the existence of a fair allocation not generally is guaranteed due the the...
Persistent link: https://www.econbiz.de/10005645206
A fair division problem with indivisible objects, e.g. jobs, and one divisible good (money) is considered. The individuals consume one object and money. The class of strategy-proof and fair allocation rules is characterized. The allocation rules in the class are like a Vickrey auction bossy and...
Persistent link: https://www.econbiz.de/10005645228