Asymmetrically fair rules for an indivisible good problem with a budget constraint
We study a particular restitution problem where there is an indivisible good (land or property) over which two agents have rights: the dispossessed agent and the owner. A third party, possibly the government, seeks to resolve the situation by assigning rights to one and compensate theother. There is also a maximum amount of money available for the compensation. We characterize a family of asymmetrically fair rules that are immune to strategic behavior, guarantee minimal welfare levels for the agents, and satisfy the budget constraint.
|Date of creation:||11 Mar 2012|
|Date of revision:|
|Contact details of provider:|| |
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.:
- Athanasiou, Efthymios, 2013. "A Solomonic solution to the problem of assigning a private indivisible good," Games and Economic Behavior, Elsevier, vol. 82(C), pages 369-387.
- Tommy Andersson & Lars-Gunnar Svensson, 2008.
"Weakly fair allocations and strategy-proofness,"
Review of Economic Design,
Springer;Society for Economic Design, vol. 11(4), pages 321-338, February.
- Ning Sun & Zaifu Yang, 2003. "A General Strategy Proof Fair Allocation Mechanism," Center for Mathematical Economics Working Papers 346, Center for Mathematical Economics, Bielefeld University.
- Lars-Gunnar Svensson, 2009.
"Coalitional strategy-proofness and fairness,"
Springer;Society for the Advancement of Economic Theory (SAET), vol. 40(2), pages 227-245, August.
- Andersson, Tommy & Svensson, Lars-Gunnar, 2008.
"Non-manipulable assignment of individuals to positions revisited,"
Mathematical Social Sciences,
Elsevier, vol. 56(3), pages 350-354, November.
- Andersson, Tommy & Svensson, Lars-Gunnar, 2006. "Non-manipulable Assignment of Individuals to Positions Revisited," Working Papers 2006:11, Lund University, Department of Economics, revised 12 Apr 2007.
- William Vickrey, 1961. "Counterspeculation, Auctions, And Competitive Sealed Tenders," Journal of Finance, American Finance Association, vol. 16(1), pages 8-37, 03.
- Sun, Ning & Yang, Zaifu, 2003. "A general strategy proof fair allocation mechanism," Economics Letters, Elsevier, vol. 81(1), pages 73-79, October.
- Alkan, Ahmet & Demange, Gabrielle & Gale, David, 1991. "Fair Allocation of Indivisible Goods and Criteria of Justice," Econometrica, Econometric Society, vol. 59(4), pages 1023-39, July.
- Andersson, T. & Svensson, L.-G. & Yang, Z., 2010. "Constrainedly fair job assignments under minimum wages," Games and Economic Behavior, Elsevier, vol. 68(2), pages 428-442, March.
- Tadenuma Koichi & Thomson William, 1995. "Games of Fair Division," Games and Economic Behavior, Elsevier, vol. 9(2), pages 191-204, May.
- Svensson, Lars-Gunnar, 1983. "Large Indivisibles: An Analysis with Respect to Price Equilibrium and Fairness," Econometrica, Econometric Society, vol. 51(4), pages 939-54, July.
- Sprumont, Yves, 2013.
"Constrained-optimal strategy-proof assignment: Beyond the Groves mechanisms,"
Journal of Economic Theory,
Elsevier, vol. 148(3), pages 1102-1121.
- Yves Sprumont, 2011. "Constrained-Optimal Strategy-Proof Assignment: Beyond the Groves Mechanisms," Cahiers de recherche 14-2011, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- SPRUMONT, Yves, 2011. "Constrained-optimal strategy-proof assignment: beyond the Groves mechanisms," Cahiers de recherche 2011-09, Universite de Montreal, Departement de sciences economiques.
- Shinji Ohseto, 2006. "Characterizations of strategy-proof and fair mechanisms for allocating indivisible goods," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(1), pages 111-121, September.
- Tommy Andersson & Lars Ehlers & Lars-Gunnar Svensson, 2012. "(Minimally) ?-Incentive Compatible Competitive Equilibria in Economies with Indivisibilities," Cahiers de recherche 04-2012, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Groves, Theodore, 1973. "Incentives in Teams," Econometrica, Econometric Society, vol. 41(4), pages 617-31, July.
- Green, Jerry & Laffont, Jean-Jacques, 1977. "Characterization of Satisfactory Mechanisms for the Revelation of Preferences for Public Goods," Econometrica, Econometric Society, vol. 45(2), pages 427-38, March.
- ANDERSSON, Tommy & EHLERS, Lars & SVENSSON, Lars-Gunnar, 2012. "(Minimally) 'epsilon'-Incentive Compatible Competitive Equilibria in Economies with Indivisibilities," Cahiers de recherche 2012-03, Universite de Montreal, Departement de sciences economiques.
When requesting a correction, please mention this item's handle: RePEc:col:000092:009381. 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: (Facultad de Economía)
If references are entirely missing, you can add them using this form.