Egalitarian-equivalent Groves Mechanisms in the Allocation of Heterogeneous 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 InfoPaper provided by University of Adelaide, School of Economics in its series School of Economics Working Papers with number 2010-29.
Length: 22 pages
Date of creation: Nov 2010
Date of revision:
fairness; allocation of indivisible goods and money; task assignments; strategy-proofness; the Vickrey-Clarke-Groves mechanisms; egalitarian-equivalence; no-envy; order preservation;
Other versions of this item:
- Duygu Yengin, 2012. "Egalitarian-equivalent Groves mechanisms in the allocation of heterogenous objects," Social Choice and Welfare, Springer, vol. 38(1), pages 137-160, January.
- 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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