Bundling in Exchange Markets with Indivisible Goods
Abstract
We study efficient and individually rational exchange rules for markets with heterogeneous indivisible goods that exclude the possibility that an agent benefits by bundling goods in her endowment. Even if agents'' preferences are additive, no such rule exists.Download Info
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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 027.Length:
Date of creation: 2005
Date of revision:
Handle: RePEc:dgr:umamet:2005027
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Web page: http://www.maastrichtuniversity.nl/web/UMPublications.htm
Related research
Keywords: microeconomics ;Other versions of this item:
- Klaus, Bettina & Dimitrov, Dinko & Haake, Claus-Jochen, 2006. "Bundling in exchange markets with indivisible goods," Economics Letters, Elsevier, vol. 93(1), pages 106-110, October.
- Klaus, Bettina & Dimitrov, Dinko & Haake, Claus-Jochen, 2006. "Bundling in exchange markets with indivisible goods," Open Access publications from Maastricht University urn:nbn:nl:ui:27-20034, Maastricht University.
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-09-29 (All new papers)
- NEP-FMK-2005-09-29 (Financial Markets)
- NEP-MIC-2005-09-29 (Microeconomics)
References
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- 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).
- 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.
- Atlamaz, Murat & Klaus, Bettina, 2007. "Manipulation via endowments in exchange markets with indivisible goods," Open Access publications from Maastricht University urn:nbn:nl:ui:27-20029, Maastricht University.
- Shapley, Lloyd & Scarf, Herbert, 1974. "On cores and indivisibility," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 23-37, March.
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Mathematical Social Sciences,
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- Murat Sertel, 2000. "Manipulability of the Men-(Women) Optimal Matching Rule via Endowments," Departmental Working Papers 0014, Bilkent University, Department of Economics.
- Hideo Konishi & Thomas Quint & Jun Wako, 2000.
"On the Shapley-Scarf Economy: The Case of Multiple Types of Indivisible Goods,"
Boston College Working Papers in Economics
484, Boston College Department of Economics.
- 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.
- Tayfun Sonmez, 1999. "Strategy-Proofness and Essentially Single-Valued Cores," Econometrica, Econometric Society, vol. 67(3), pages 677-690, May.
- Dinko Dimitrov & Claus-Jochen Haake, 2005. "Regrouping of endowments in exchange markets with indivisible goods," Working Papers 367, Bielefeld University, Center for Mathematical Economics.
- Postlewaite, Andrew, 1979. "Manipulation via Endowments," Review of Economic Studies, Wiley Blackwell, vol. 46(2), pages 255-62, April.
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