The difference indifference makes in strategy-proof allocation of objects
AbstractWe study problems of allocating objects among people. Some objects may be initially owned and the rest are unowned. Each person needs exactly one object and initially owns at most one object. We drop the common assumption of strict preferences. Without this assumption, it suffices to study problems where each person initially owns an object and every object is owned. For such problems, when preferences are strict, the “top trading cycles” algorithm provides the only rule that is efficient, strategy-proof, and individually rational Ma (1994) . Our contribution is to generalize this algorithm to accommodate indifference without compromising on efficiency and incentives.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Theory.
Volume (Year): 147 (2012)
Issue (Month): 5 ()
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Web page: http://www.elsevier.com/locate/inca/622869
Strategy-proofness; Indivisible goods; Indifference; Housing market; House allocation; Existing tenants; Top trading cycles;
Other versions of this item:
- Paula Jaramillo & Vikram Manjunath, 2011. "The Difference Indifference Makes in Strategy-Proof Allocation of Objects," DOCUMENTOS CEDE 008746, UNIVERSIDAD DE LOS ANDES-CEDE.
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy-Making and Implementation
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