Fair allocation of indivisible goods among two agents
One must allocate a finite set of indivisible goods among two agents without monetary compensation. We impose Pareto-efficiency, anonymity, a weak notion of no-envy, a welfare lower bound based on each agentâ€™s ranking of the sets of goods, and a monotonicity property relative to changes in agentsâ€™ preferences. We prove that there is a rule satisfying these axioms. If there are three goods, it is the only rule, with one of its subcorrespondences, satisfying each fairness axiom and not discriminating between goods. Further, we confirm the clear gap between these economies and those with more than two agents.
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- Lars Ehlers & Bettina Klaus, 2003. "Coalitional strategy-proof and resource-monotonic solutions for multiple assignment problems," Social Choice and Welfare, Springer, vol. 21(2), pages 265-280, October.
- Winfried Pohlmeier & Luc Bauwens & David Veredas, 2007. "High frequency financial econometrics. Recent developments," ULB Institutional Repository 2013/136223, ULB -- Universite Libre de Bruxelles.
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