IDEAS home Printed from https://ideas.repec.org/p/adl/wpaper/2010-05.html
   My bibliography  Save this paper

Welfare Bounds in a Growing Population

Author

Listed:
  • Duygu Yengin

    () (School of Economics, University of Adelaide)

Abstract

We study the allocation of collectively owned indivisible goods when monetary transfers are possible. We restrict our attention to incentive compatible mechanisms which allocate the goods efficiently. Among these mechanisms, we characterize those that respect welfare lower bounds. The main characterization involves the identical-preferences lower-bound: each agent should be at least as well off as in an hypothetical economy where all agents have the same preference as hers, no agent envies another, and the budget is balanced. This welfare lower-bound grants agents equal rights/responsibilities over the jointly owned resources but insures agents against the heterogeneity in preferences. We also study the implications of imposing variable population axioms together with welfare bounds.

Suggested Citation

  • Duygu Yengin, 2010. "Welfare Bounds in a Growing Population," School of Economics Working Papers 2010-05, University of Adelaide, School of Economics.
  • Handle: RePEc:adl:wpaper:2010-05
    as

    Download full text from publisher

    File URL: http://www.economics.adelaide.edu.au/research/papers/doc/wp2010-05.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Duygu Yengin, 2012. "Egalitarian-equivalent Groves mechanisms in the allocation of heterogenous objects," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(1), pages 137-160, January.

    More about this item

    Keywords

    collective ownership; allocation of indivisible goods and money; NIMBY problems; imposition of tasks; the Groves mechanisms; the identical-preferences lower-bound; individual rationality; the stand-alone lower-bound; k-fairness; population monotonicity;

    JEL classification:

    • C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:adl:wpaper:2010-05. 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: (Eran Binenbaum). General contact details of provider: http://edirc.repec.org/data/decadau.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.