Strategic Manipulations and Collusions in Knaster Procedure
The Knaster’s procedure is one of the simplest and most powerful mechanisms for allocating indivisible objects among agents requiring them, but its sealed bid feature may induce some agents in altering their valuations. In this paper we study the consequences of false declarations on the agents’ payoffs. A misrepresentation of a single agent could produce a gain or a loss. So, we analyze a possible behavior of a subset of infinitely risk-averse agents and propose how to obtain a safe gain via a joint misreporting of their valuations, regardless of the declarations of the other agents.
Volume (Year): 3 (2009)
Issue (Month): 2 (July)
|Contact details of provider:|| Postal: Opletalova 26, CZ-110 00 Prague|
Phone: +420 2 222112330
Fax: +420 2 22112304
Web page: http://ies.fsv.cuni.cz/
More information through EDIRC
|Order Information:|| Web: http://auco.cuni.cz/ Email: |
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.:
- Holmstrom, Bengt, 1979. "Groves' Scheme on Restricted Domains," Econometrica, Econometric Society, vol. 47(5), pages 1137-1144, September.
- Claus-Jochen Haake & Matthias G. Raith & Francis Su, 2000.
"Bidding for Envy-Freeness: A Procedural Approach to n-Player Fair Division Problems,"
Claremont Colleges Working Papers
2000-47, Claremont Colleges.
- Claus-Jochen Haake & Matthias G. Raith & Francis Edward Su, 2002. "Bidding for envy-freeness: A procedural approach to n-player fair-division problems," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 19(4), pages 723-749.
- Svensson, Lars-Gunnar, 2006.
"Coalition Strategy-Proofness and Fairness,"
2006:10, Lund University, Department of Economics.
- Shigehiro Serizawa, 2005.
"Pairwise Strategy-Proofness and Self-Enforcing Manipulation,"
ISER Discussion Paper
0629, Institute of Social and Economic Research, Osaka University.
- Shigehiro Serizawa, 2006. "Pairwise Strategy-Proofness and Self-Enforcing Manipulation," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 26(2), pages 305-331, April.
- Lars-Gunnar Svensson, 1999. "Strategy-proof allocation of indivisible goods," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 16(4), pages 557-567.
- Herve Moulin, 2004. "Fair Division and Collective Welfare," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262633116.
- Szilvia Pápai, 2003. "Groves sealed bid auctions of heterogeneous objects with fair prices," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 20(3), pages 371-385, 06.
- Szilvia Papai, 2000. "Strategyproof Assignment by Hierarchical Exchange," Econometrica, Econometric Society, vol. 68(6), pages 1403-1434, November.
When requesting a correction, please mention this item's handle: RePEc:fau:aucocz:au2009_143. 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: (Lenka Stastna)
If references are entirely missing, you can add them using this form.