Egalitarian-equivalent Groves mechanisms in the allocation of heterogenous objects
AbstractWe study the problem of allocating objects when monetary transfers are possible. We are interested in mechanisms that allocate the objects in an efficient way and induce the agents to report their true preferences. Within the class of such mechanisms, first we characterize egalitarian-equivalent mechanisms. Then, we add a bounded-deficit condition and characterize the corresponding class. Finally, we investigate the relations between egalitarian-equivalence and other fairness notions such as no-envy.
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Bibliographic InfoArticle provided by Springer in its journal Social Choice and Welfare.
Volume (Year): 38 (2012)
Issue (Month): 1 (January)
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Web page: http://link.springer.de/link/service/journals/00355/index.htm
Other versions of this item:
- Duygu Yengin, 2010. "Egalitarian-equivalent Groves Mechanisms in the Allocation of Heterogeneous Objects," School of Economics Working Papers 2010-29, University of Adelaide, School of Economics.
- C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
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