Implementation of individually rational social choice functions with guaranteed utilities
AbstractA simple mechanism is presented that allocates an indivisible object between two agents for almost any possible compensation rule. Furthermore, the equilibrium strategy guarantees a level of utility not less than -[epsilon], where [epsilon] can be arbitrarily small.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 112 (2011)
Issue (Month): 2 (August)
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Web page: http://www.elsevier.com/locate/ecolet
Indivisible object Individual rationality Guaranteed utility;
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