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Allocation of objects with conditional property rights

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  • Quesada, Antonio

Abstract

This paper considers the allocation of indivisible goods among members of a collective assuming that individuals are given the right to retain certain goods when some individuals alter the allocation problem. The assignment of rights is exhaustive in that, for every good x, either individual i can exercise a right over x against j or j against i. It is shown that the only Pareto efficient allocation rules satisfying these requirements are those having a hierarchy of diarchies.

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File URL: http://mpra.ub.uni-muenchen.de/19469/
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 19469.

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Date of creation: 20 Dec 2009
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Handle: RePEc:pra:mprapa:19469

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Keywords: Allocation rule; hierarchy of diarchies; indivisible good; property right.;

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  1. EHLERS, Lars & KLAUS, Bettina, 2003. "Resource-Monotonicity for House Allocation Problems," Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ 12-2003, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  2. Ehlers, Lars, 2002. "Coalitional Strategy-Proof House Allocation," Journal of Economic Theory, Elsevier, vol. 105(2), pages 298-317, August.
  3. Lars-Gunnar Svensson, 1999. "Strategy-proof allocation of indivisible goods," Social Choice and Welfare, Springer, vol. 16(4), pages 557-567.
  4. Papai, Szilvia, 2007. "Exchange in a general market with indivisible goods," Journal of Economic Theory, Elsevier, vol. 132(1), pages 208-235, January.
  5. Szilvia Papai, 2000. "Strategyproof Assignment by Hierarchical Exchange," Econometrica, Econometric Society, Econometric Society, vol. 68(6), pages 1403-1434, November.
  6. Ergin, Haluk I., 2000. "Consistency in house allocation problems," Journal of Mathematical Economics, Elsevier, vol. 34(1), pages 77-97, August.
  7. 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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