Reallocation of an infinetely divisible good

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Reallocation of an infinetely divisible good

Author Info

Klaus,B.
Peters,H.
Storcken,T. (METEOR)

Additional information is available for the following registered author(s):

Bettina Klaus

Abstract

We consider the problem of reallocating the total initial endowments of an infinitely divisible commodity among agents with single-peaked preferences. With the uniform reallocation rule we propose a solution which satisfies many appealing properties, describing the effect of population and endowment variations on the outcome. The central properties which are studied in this context are population monotonicity, bilateral consistency, (endowment) monotonicity and (endowment) strategy-proofness. Furthermore, the uniform reallocation rule is Pareto optimal and satisfies several equity conditions, e.g., equal-treatment and envy-freeness. We study the trade-off between properties concerning variation and properties concerning equity. Furthermore, we provide several characterizations of the uniform reallocation rule based on these properties.

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Paper provided by Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization in its series Research Memoranda with number 012.

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Date of creation: 1995
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Handle: RePEc:dgr:umamet:1995012

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Article
- Bettina Klaus & Hans Peters & Ton Storcken, 1997. "Reallocation of an infinitely divisible good," Economic Theory, Springer, vol. 10(2), pages 305-333. [Downloadable!] (restricted)

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.:

Salvador Barbera, 1995. "Strategy-Proof Allotment Rules," Discussion Papers 1142, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
Other versions:
- Barbera, Salvador & Jackson, Matthew O. & Neme, Alejandro, 1997. "Strategy-Proof Allotment Rules," Games and Economic Behavior, Elsevier, vol. 18(1), pages 1-21, January. [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.)

Özgür Kýbrýs & Serkan Küçükþenel, 2005. "Trade rules for uncleared markets," Microeconomics 0508002, EconWPA. [Downloadable!]
Other versions:
- Kibris, Ozgur & Kucuksenel, Serkan, 2005. "Trade rules for uncleared markets," Working Papers 1232, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
Murat Atlamaz & Bettina Klaus, 2007. "Manipulation via Endowments in Exchange Markets with Indivisible Goods," Social Choice and Welfare, Springer, vol. 28(1), pages 1-18, January. [Downloadable!] (restricted)
Other versions:
- 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!]
Özgür Kıbrıs & Serkan Küçükşenel, 2009. "Uniform trade rules for uncleared markets," Social Choice and Welfare, Springer, vol. 32(1), pages 101-121, January. [Downloadable!] (restricted)

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