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Regrouping of endowments in exchange markets with indivisible goods

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Author Info
Dinko Dimitrov () (Institute of Mathematical Economics, Bielefeld University)
Claus-Jochen Haake () (Institute of Mathematical Economics, Bielefeld University)

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Abstract

In this paper we are interested in efficient and individually rational exchange rules for markets with heterogeneous indivisible goods that exclude the possibility that an agent benefits by regrouping goods in her initial endowment. We present a suitable environment in which the existence of such rules can be analysed, and show the incompatibility of efficiency, individual rationality and regrouping-proofness even if agents' preferences are additive separable.

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File URL: http://www.imw.uni-bielefeld.de/papers/files/imw-wp-367.pdf
File Format: application/pdf
File Function: First version, 2005
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Publisher Info
Paper provided by Bielefeld University, Institute of Mathematical Economics in its series Working Papers with number 367.

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Length: 10 pages
Date of creation: Jun 2005
Date of revision:
Handle: RePEc:bie:wpaper:367

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Web page: http://www.imw.uni-bielefeld.de/
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Related research
Keywords: exchange markets; indivisible goods; regrouping-proofness;

Find related papers by JEL classification:
C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
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
D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information
H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Murat Atlamaz & Bettina Klaus, 2003. "Manipulation via Endowments in Exchange Markets with Indivisible Goods," UFAE and IAE Working Papers 598.04, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
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  2. Shapley, Lloyd & Scarf, Herbert, 1974. "On cores and indivisibility," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 23-37, March. [Downloadable!] (restricted)
  3. Ma, Jinpeng, 1994. "Strategy-Proofness and the Strict Core in a Market with Indivisibilities," International Journal of Game Theory, Springer, vol. 23(1), pages 75-83.
  4. Dinko Dimitrov & Peter Borm & Ruud Hendrickx, 2004. "Good and bad objects: the symmetric difference rule," Economics Bulletin, Economics Bulletin, vol. 4(11), pages 1-7. [Downloadable!]
  5. Konishi, Hideo & Quint, Thomas & Wako, Jun, 2001. "On the Shapley-Scarf economy: the case of multiple types of indivisible goods," Journal of Mathematical Economics, Elsevier, vol. 35(1), pages 1-15, February. [Downloadable!] (restricted)
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  6. Postlewaite, Andrew, 1979. "Manipulation via Endowments," Review of Economic Studies, Blackwell Publishing, vol. 46(2), pages 255-62, April. [Downloadable!] (restricted)
  7. Roth, Alvin E. & Postlewaite, Andrew, 1977. "Weak versus strong domination in a market with indivisible goods," Journal of Mathematical Economics, Elsevier, vol. 4(2), pages 131-137, August. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Dimitrov,Dinko & Haake,Claus-Jochen & Klaus,Bettina, 2005. "Bundling in Exchange Markets with Indivisible Goods," Research Memoranda 027, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization. [Downloadable!]
    Other versions:
  2. Vendrik, Maarten & Woltjer, Geert, 2006. "Happiness and Loss Aversion: When Social Participation Dominates Comparision," Research Memoranda 027, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization. [Downloadable!]
    Other versions:
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