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Dissolving multi-partnerships efficiently

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  • Bumin Yenmez, M.

Abstract

I study a market where agents with unit demand jointly own heterogeneous goods. In this market, the existence of an efficient, incentive compatible, individually rational, and budget balanced mechanism depends on the shares of the agents. I characterize the set of shares for which having such a mechanism is possible. This set includes the symmetric allocation and excludes the allocation in which every agent owns a separate good.

Suggested Citation

  • Bumin Yenmez, M., 2012. "Dissolving multi-partnerships efficiently," Journal of Mathematical Economics, Elsevier, vol. 48(2), pages 77-82.
    • Handle: RePEc:eee:mateco:v:48:y:2012:i:2:p:77-82
    DOI: 10.1016/j.jmateco.2012.01.001
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    Cited by:

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    2. , R. & , D., 2011. "A simple status quo that ensures participation (with application to efficient bargaining)," Theoretical Economics, Econometric Society, vol. 6(1), January.
    3. M. Yenmez, 2015. "Incentive compatible market design with applications," International Journal of Game Theory, Springer;Game Theory Society, vol. 44(3), pages 543-569, August.
    4. Ludwig Ensthaler & Thomas Giebe & Jianpei Li, 2014. "Speculative partnership dissolution with auctions," Review of Economic Design, Springer;Society for Economic Design, vol. 18(2), pages 127-150, June.
    5. Alva, Samson & Manjunath, Vikram, 2020. "The impossibility of strategy-proof, Pareto efficient, and individually rational rules for fractional matching," Games and Economic Behavior, Elsevier, vol. 119(C), pages 15-29.
    6. Robert Gibbons & John Roberts, 2012. "The Handbook of Organizational Economics," Economics Books, Princeton University Press, edition 1, volume 1, number 9889.

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