Room assignment-rent division: A market approach
AbstractA group of friends consider renting a house but they shall first agree on how to allocate its rooms and share the rent. We propose an auction mechanism for room assignment-rent division problems which mimics the market mechanism. Our auction mechanism is efficient, envy-free, individually-rational and it yields a non-negative price to each room whenever that is possible with envy-freeness.
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Bibliographic InfoPaper provided by Columbia University, Department of Economics in its series Discussion Papers with number 0102-11.
Length: 28 pages
Date of creation: 2002
Date of revision:
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- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
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