Strategy-Proof and Anonymous Allocation Rules of Indivisible Goods: A New Characterization of Vickrey Allocation Rule
We consider situations where a society allocates a finite units of an indivisible good among agents, and each agent receives at most one unit of the good. For example, imagine that a government allocates a fixed number of licences to private firms, or imagine that a government distributes equally divided lands to households. We show that the Vickrey allocation rule is the unique allocation rule satisfying strategy-proofness, anonymity and individual rationality.
|Date of creation:||Mar 2006|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.iser.osaka-u.ac.jp/index-e.htmlEmail:
More information through EDIRC
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.:
- Makowski, Louis & Ostroy, Joseph M., 1987.
"Vickrey-Clarke-Groves mechanisms and perfect competition,"
Journal of Economic Theory,
Elsevier, vol. 42(2), pages 244-261, August.
- Louis Makowski & Joseph M. Ostroy, 1984. "Vickrey-Clarke-Groves Mechanisms and Perfect Competition," UCLA Economics Working Papers 333, UCLA Department of Economics.
- Miyagawa, Eiichi, 2002. "Strategy-Proofness and the Core in House Allocation Problems," Games and Economic Behavior, Elsevier, vol. 38(2), pages 347-361, February.
- Roth, Alvin E. & Sotomayor, Marilda, 1992. "Two-sided matching," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 16, pages 485-541 Elsevier.
- William Vickrey, 1961. "Counterspeculation, Auctions, And Competitive Sealed Tenders," Journal of Finance, American Finance Association, vol. 16(1), pages 8-37, 03.
- Chew Soo Hong & Shigehiro Serizawa, 2005.
"Characterizing the Vickrey Combinatorial Auction by Induction,"
ISER Discussion Paper
0631, Institute of Social and Economic Research, Osaka University.
- Soo Chew & Shigehiro Serizawa, 2007. "Characterizing the Vickrey combinatorial auction by induction," Economic Theory, Springer, vol. 33(2), pages 393-406, November.
- Szilvia Pápai, 2003. "Groves sealed bid auctions of heterogeneous objects with fair prices," Social Choice and Welfare, Springer, vol. 20(3), pages 371-385, 06.
- Klaus, Bettina, 2001. "Coalitional Strategy-Proofness in Economies with Single-Dipped Preferences and the Assignment of an Indivisible Object," Games and Economic Behavior, Elsevier, vol. 34(1), pages 64-82, January.
- Groves, Theodore, 1973. "Incentives in Teams," Econometrica, Econometric Society, vol. 41(4), pages 617-31, July.
- Demange, Gabrielle & Gale, David & Sotomayor, Marilda, 1986. "Multi-Item Auctions," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 863-72, August.
- 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.
- Hiroki Saitoh & Shigehiro Serizawa, 2005.
"Vickrey Allocation Rule with Income Effect,"
ISER Discussion Paper
0646, Institute of Social and Economic Research, Osaka University.
When requesting a correction, please mention this item's handle: RePEc:dpr:wpaper:0648. 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: (Fumiko Matsumoto)
If references are entirely missing, you can add them using this form.