Rationing a Commodity along Fixed Paths
A private commodity is divided among agents with single peaked preferences over their share. A rationing method elicits individual peaks (demands); if the commodity is overdemanded (resp. underdemanded), no agent receives more (resp. less) than his peak. A fixed path rationing method allocates an overdemanded "good" along a path independent of individual demands, except that an agent receives exactly his demand if it is below the path-generated share. An underdemanded "bad" is allocated along another such path, except that an agent who demands more than his path-generated share receives exactly his peak. We consider four properties of allocation mechanisms: efficiency, strategyproofness, resource monotonicity, and consistency. Together, these axioms characterize precisely the set of fixed path rationing methods. The result holds when the commodity is infinitely divisible and when it comes in indivisible units.
(This abstract was borrowed from another version of this item.)
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.:
- Thomson, William, 1995.
"Population-Monotonic Solutions to the Problem of Fair Division When Preferences Are Single-Peaked,"
Springer;Society for the Advancement of Economic Theory (SAET), vol. 5(2), pages 229-246, March.
- Thomson, W., 1991. "Population-Monotonic Solutions to the Problem of Fair Division when Preferences are Single-Peaked," RCER Working Papers 302, University of Rochester - Center for Economic Research (RCER).
- Barbera, Salvador & Jackson, Matthew O. & Neme, Alejandro, 1997. "Strategy-Proof Allotment Rules," Games and Economic Behavior, Elsevier, vol. 18(1), pages 1-21, January.
- Salvador Barbera, 1995. "Strategy-Proof Allotment Rules," Discussion Papers 1142, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Sprumont, Yves, 1991. "The Division Problem with Single-Peaked Preferences: A Characterization of the Uniform Allocation Rule," Econometrica, Econometric Society, vol. 59(2), pages 509-519, March.
- Thomson William, 1994. "Consistent Solutions to the Problem of Fair Division When Preferences Are Single-Peaked," Journal of Economic Theory, Elsevier, vol. 63(2), pages 219-245, August.
- Barbera, Salvador & Jackson, Matthew O, 1995. "Strategy-Proof Exchange," Econometrica, Econometric Society, vol. 63(1), pages 51-87, January.
- Salvador Barbera & Matthew O. Jackson, 1993. "Strategy-Proof Exchange," Discussion Papers 1021, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Moulin, Herve & Thomson, William, 1988. "Can everyone benefit from growth? : Two difficulties," Journal of Mathematical Economics, Elsevier, vol. 17(4), pages 339-345, September.
- Aumann, Robert J. & Maschler, Michael, 1985. "Game theoretic analysis of a bankruptcy problem from the Talmud," Journal of Economic Theory, Elsevier, vol. 36(2), pages 195-213, August.
- H. Moulin, 1980. "On strategy-proofness and single peakedness," Public Choice, Springer, vol. 35(4), pages 437-455, January.
- Sonmez, Tayfun, 1994. "Consistency, monotonicity, and the uniform rule," Economics Letters, Elsevier, vol. 46(3), pages 229-235, November.
- O'Neill, Barry, 1982. "A problem of rights arbitration from the Talmud," Mathematical Social Sciences, Elsevier, vol. 2(4), pages 345-371, June. Full references (including those not matched with items on IDEAS)