Fairness under Uncertainty with Indivisibilities
I analyze an economy with uncertainty in which a set of indivisible objects and a certain amount of money is to be distributed among agents. The set of intertemporally fair social choice functions based on envy-freeness and Pareto efficiency is characterized. I give a necessary and sufficient condition for its non-emptiness and propose a mechanism that implements the set of intertemporally fair allocations in Bayes-Nash equilibrium. Implementation at the ex ante stage is considered, too. I also generalize the existence result obtained with envy-freeness using a broader fairness concept, introducing the aspiration function.
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- Holmstrom, Bengt & Myerson, Roger B, 1983.
"Efficient and Durable Decision Rules with Incomplete Information,"
Econometric Society, vol. 51(6), pages 1799-1819, November.
- Bengt Holmstrom & Roger B. Myerson, 1981. "Efficient and Durable Decision Rules with Incomplete Information," Discussion Papers 495, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Thomson, William, 2005. "Divide-and-permute," Games and Economic Behavior, Elsevier, vol. 52(1), pages 186-200, July.
- William Thomson, 2004. "Divide-and-Permute," RCER Working Papers 510, University of Rochester - Center for Economic Research (RCER).
- Francis Su, "undated". "Rental Harmony: Sperner's Lemma in Fair Division," Claremont Colleges Working Papers 1999-10, Claremont Colleges.
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- repec:ebl:ecbull:v:4:y:2002:i:18:p:1-7 is not listed on IDEAS
- Corchon, Luis C. & Iturbe-Ormaetxe, Inigo, 2001. "A Proposal to Unify Some Concepts in the Theory of Fairness," Journal of Economic Theory, Elsevier, vol. 101(2), pages 540-571, December.
- Iñigo Iturbe-Ormaetxe Kortajarene & Luis Corchón, 1997. "A proposal to unify some concepts in the theory of fairness," Working Papers. Serie AD 1997-21, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Alkan, Ahmet & Demange, Gabrielle & Gale, David, 1991. "Fair Allocation of Indivisible Goods and Criteria of Justice," Econometrica, Econometric Society, vol. 59(4), pages 1023-1039, July.
- Crawford, V. P. & Heller, W. P., 1979. "Fair division with indivisible commodities," Journal of Economic Theory, Elsevier, vol. 21(1), pages 10-27, August.
- Moulin, HervÈ, 1997. "Procedural cum Endstate Justice: An Implementation Viewpoint," Working Papers 97-17, Duke University, Department of Economics.
- Thomas R. Palfrey & Sanjay Srivastava, 1987. "On Bayesian Implementable Allocations," Review of Economic Studies, Oxford University Press, vol. 54(2), pages 193-208.
- Palfrey, Thomas R. & Srivastava, Sanjay., 1986. "On Bayesian Implementable Allocations," Working Papers 624, California Institute of Technology, Division of the Humanities and Social Sciences.
- Preston McAfee, R., 1992. "Amicable divorce: Dissolving a partnership with simple mechanisms," Journal of Economic Theory, Elsevier, vol. 56(2), pages 266-293, April. Full references (including those not matched with items on IDEAS)
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