Are incentives against economic justice?
We consider the problem of fairly allocating a social endowment of indivisible goods and money when the domain of admissible preferences contains, but is not restricted to, quasi-linear preferences. We analyze the manipulability of the Generalized Money Rawlsian Fair (GMRF) solutions. (i) We show that the Nash and strong Nash equilibrium correspondences of the "preference revelation game form" associated with each GMRF solution coincide with the no-envy solution (in equilibrium, efficiency is preserved according to agents' true preferences). (ii) A corollary is that the GMRF solutions "naturally implement" the no-envy solution in Nash and strong Nash equilibria.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Otani, Yoshihiko & Sicilian, Joseph, 1982. "Equilibrium allocations of Walrasian preference games," Journal of Economic Theory, Elsevier, vol. 27(1), pages 47-68, June.
- Steven J. Brams & D. Marc Kilgour, 2001.
"Competitive Fair Division,"
Journal of Political Economy,
University of Chicago Press, vol. 109(2), pages 418-443, April.
- Serizawa, Shigehiro, 2002. "Inefficiency of Strategy-Proof Rules for Pure Exchange Economies," Journal of Economic Theory, Elsevier, vol. 106(2), pages 219-241, October.
- Carmen Beviá, 2010. "Manipulation games in economies with indivisible goods," International Journal of Game Theory, Springer;Game Theory Society, vol. 39(1), pages 209-222, March.
- Atila Abdulkadiroğlu & Tayfun Sönmez & M. Utku Ünver, 2004.
"Room assignment-rent division: A market approach,"
Social Choice and Welfare,
Springer;The Society for Social Choice and Welfare, vol. 22(3), pages 515-538, 06.
- Jackson, Matthew O., 1999.
"A Crash Course in Implementation Theory,"
1076, California Institute of Technology, Division of the Humanities and Social Sciences.
- Kibris, Ozgur, 2002.
"Misrepresentation of Utilities in Bargaining: Pure Exchange and Public Good Economies,"
Games and Economic Behavior,
Elsevier, vol. 39(1), pages 91-110, April.
- KIBRIS, Özgür, . "Misrepresentation of utilities in bargaining: pure exchange and public good economies," CORE Discussion Papers RP 1546, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Alkan, Ahmet, 1994. "Monotonicity and Envyfree Assignments," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 4(4), pages 605-16, May.
- Saijo, T. & Tatamitani, Y. & Yamato, T., 1994.
"Toward Natural Implementation,"
ISER Discussion Paper
0340, Institute of Social and Economic Research, Osaka University.
- Sobel, Joel, 1981. "Distortion of Utilities and the Bargaining Problem," Econometrica, Econometric Society, vol. 49(3), pages 597-619, May.
- Tadenuma Koichi & Thomson William, 1995. "Games of Fair Division," Games and Economic Behavior, Elsevier, vol. 9(2), pages 191-204, May.
- Thomson, William, 1988. "The Manipulability of the Shapley-Value," International Journal of Game Theory, Springer;Game Theory Society, vol. 17(2), pages 101-27.
- H. R. Varian, 1973.
"Equity, Envy and Efficiency,"
115, Massachusetts Institute of Technology (MIT), Department of Economics.
- William Thomson, 1984. "The Manipulability of Resource Allocation Mechanisms," Review of Economic Studies, Oxford University Press, vol. 51(3), pages 447-460.
- Sobel, Joel, 2001. "Manipulation of Preferences and Relative Utilitarianism," Games and Economic Behavior, Elsevier, vol. 37(1), pages 196-215, October.
- Svensson, Lars-Gunnar, 1983. "Large Indivisibles: An Analysis with Respect to Price Equilibrium and Fairness," Econometrica, Econometric Society, vol. 51(4), pages 939-54, July.
- Alkan, Ahmet & Demange, Gabrielle & Gale, David, 1991. "Fair Allocation of Indivisible Goods and Criteria of Justice," Econometrica, Econometric Society, vol. 59(4), pages 1023-39, July.
- Francis Su, . "Rental Harmony: Sperner's Lemma in Fair Division," Claremont Colleges Working Papers 1999-10, Claremont Colleges.
When requesting a correction, please mention this item's handle: RePEc:eee:jetheo:v:146:y:2011:i:1:p:326-345. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.