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Regrouping of endowments in exchange markets with indivisible goods

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  • Dinko Dimitrov

    ()
    (Institute of Mathematical Economics, Bielefeld University)

  • Claus-Jochen Haake

    ()
    (Institute of Mathematical Economics, Bielefeld University)

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 Function: First version, 2005
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Bibliographic Info

Paper provided by Bielefeld University, Center for 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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Related research

Keywords: exchange markets; indivisible goods; regrouping-proofness;

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References

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  1. Sertel, Murat R. & Ozkal-Sanver, Ipek, 2002. "Manipulability of the men- (women-) optimal matching rule via endowments," Mathematical Social Sciences, Elsevier, Elsevier, vol. 44(1), pages 65-83, September.
  2. Dinko Dimitrov & Ruud Hendrickx & Peter Borm, 2004. "Good and bad objects: the symmetric difference rule," Economics Bulletin, AccessEcon, vol. 4(11), pages 1-7.
  3. 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.
  4. repec:ebl:ecbull:v:4:y:2004:i:11:p:1-7 is not listed on IDEAS
  5. Roth, Alvin E., 1982. "Incentive compatibility in a market with indivisible goods," Economics Letters, Elsevier, vol. 9(2), pages 127-132.
  6. Shapley, Lloyd & Scarf, Herbert, 1974. "On cores and indivisibility," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 23-37, March.
  7. Murat Atlamaz & Bettina Klaus, 2007. "Manipulation via Endowments in Exchange Markets with Indivisible Goods," Social Choice and Welfare, Springer, Springer, vol. 28(1), pages 1-18, January.
  8. Tayfun Sonmez, 1999. "Strategy-Proofness and Essentially Single-Valued Cores," Econometrica, Econometric Society, Econometric Society, vol. 67(3), pages 677-690, May.
  9. 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.
  10. Postlewaite, Andrew, 1979. "Manipulation via Endowments," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 46(2), pages 255-62, April.
  11. Ma, Jinpeng, 1994. "Strategy-Proofness and the Strict Core in a Market with Indivisibilities," International Journal of Game Theory, Springer, Springer, vol. 23(1), pages 75-83.
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Cited by:
  1. Dimitrov,Dinko & Haake,Claus-Jochen & Klaus,Bettina, 2005. "Bundling in Exchange Markets with Indivisible Goods," Research Memorandum 027, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).

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