Weakly fair allocations and strategy-proofness
AbstractThis 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 restrictions on the money transfers, the concept of fairness is weakened, and a new concept of fairness is introduced. This concept is called weak fairness. We define an allocation rule that implements weakly fair allocations and demonstrate that it is coalitionally strategy-proof. In fact, it is the only coalitionally strategy-proof allocation rule that implements a weakly fair allocation.
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Bibliographic InfoArticle provided by Springer in its journal Review of Economic Design.
Volume (Year): 11 (2008)
Issue (Month): 4 (February)
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Web page: http://link.springer.de/link/service/journals/10058/index.htm
Other versions of this item:
- 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
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
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