(Minimally) 'epsilon'-Incentive Compatible Competitive Equilibria in Economies with Indivisibilities
AbstractWe consider competitive and budget-balanced allocation rules for problems where a number of indivisible objects and a fixed amount of money is allocated among a group of agents. In “small” economies, we identify under classical preferences each agent's maximal gain from manipulation. Using this result we find the competitive and budget-balanced allocation rules which are minimally manipulable for each preference profile in terms of any agent's maximal gain. If preferences are quasi-linear, then we can find a competitive and budget-balanced allocation rule such that for any problem, the maximal utility gain from manipulation is equalized among all agents.
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Bibliographic InfoPaper provided by Universite de Montreal, Departement de sciences economiques in its series Cahiers de recherche with number 2012-03.
Length: 13 pages
Date of creation: 2012
Date of revision:
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epsilon-Incentive Compatibility; Competitive Allocation; Budget-Balance; Indivis- ibilities.;
Find related papers by JEL classification:
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