The Replacement Principle in Economies with Indivisible Goods
AbstractWe address the problem of allocating indivisible goods and some amount of an infinitely divisible good among agents with equal rights on these resources. Our specific objective is to investigate the implications of the following requirement on allocation rules : when the preferences of some of the agents change, all agents with fixed preferences are affected in the same direction : they all (weakly gain), or they all (weakly) lose.
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Bibliographic InfoPaper provided by University of Rochester - Center for Economic Research (RCER) in its series RCER Working Papers with number 403.
Length: 11 pages
Date of creation: 1995
Date of revision:
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Postal: University of Rochester, Center for Economic Research, Department of Economics, Harkness 231 Rochester, New York 14627 U.S.A.
ECONOMIC MODELS ; GOODS;
Other versions of this item:
- William Thomson, 1997. "The replacement principle in economies with indivisible goods," Social Choice and Welfare, Springer, vol. 15(1), pages 57-66.
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
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- Youngsub Chun, 2001. "The Replacement Principle in Bargaining," Working Paper Series no42, Institute of Economic Research, Seoul National University.
- Juan Perote Peña, 2003. "Solidarity in Terms of Reciprocity," Economic Working Papers at Centro de Estudios Andaluces E2003/16, Centro de Estudios Andaluces.
- Javier Perote Peña & Juan Perote Peña, 2003. "A Social Choice Trade-off Between Alternative Fairness Concepts: Solidarity versus Flexibility," Economic Working Papers at Centro de Estudios Andaluces E2003/10, Centro de Estudios Andaluces.
- Ichiishi, Tatsuro & Idzik, Adam, 1999. "Market allocation of indivisible goods," Journal of Mathematical Economics, Elsevier, vol. 32(4), pages 457-466, December.
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