Probabilistic Assignments of Identical Indivisible Objects and Uniform Probabilistic Rules
AbstractWe consider a probabilistic approach to the problem of assigning k indivisible identical objects to a set of agents with single-peaked preferences. Using the ordinal extension of preferences, we characterize the class of uniform probabilistic rules by Pareto efficiency, strategy-proofness, and no-envy. We also show that in this characterization no-envy cannot be replaced by anonymity. When agents are strictly risk averse von-Neumann-Morgenstern utility maximizers, then we reduce the problem of assigning k identical objects to a problem of allocating the amount k of an infinitely divisible commodity.
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Bibliographic InfoPaper provided by Universite de Montreal, Departement de sciences economiques in its series Cahiers de recherche with number 2001-27.
Length: 25 pages
Date of creation: 2001
Date of revision:
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obabilistic rules; single-aked eferences; strategy-oofness; uniform allocations;
Other versions of this item:
- Lars Ehlers & Bettina Klaus, 2003. "Probabilistic assignments of identical indivisible objects and uniform probabilistic rules," Review of Economic Design, Springer, vol. 8(3), pages 249-268, October.
- Ehlers, L. & Klaus, B., 2001. "Probabilistic Assignements of Identical Indivisible Objects and Uniform Probabilistic Rules," Cahiers de recherche 2001-27, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D60 - Microeconomics - - Welfare Economics - - - General
- C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
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- repec:ebl:ecbull:v:4:y:2007:i:8:p:1-10 is not listed on IDEAS
- Wataru Kureishi & Hideki Mizukami, 2005. "A Characterization of the Randomized Uniform Rule," Discussion Papers in Economics and Business 05-20, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
- Yoichi Kasajima, 2013. "Probabilistic assignment of indivisible goods with single-peaked preferences," Social Choice and Welfare, Springer, vol. 41(1), pages 203-215, June.
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