IDEAS home Printed from https://ideas.repec.org/p/hhs/lunewp/2002_017.html
   My bibliography  Save this paper

Strategy-proofness and Fixed-price Allocation of Indivisible Goods - a Characterization Proof

Author

Listed:

Abstract

In this paper we considered the classical Shapley-Scarf (1974) "house allocation model", where in addition there is a perfectly divisible good (money). The problem is to characterize all strategy-proof, nonbossy and individually rational allocation mechanisms. The finding is that only a fixed-price allocation mechanism is consistent with these presumptions. Miyagawa (2001) first proved this result. Here we give an alternative and comparatively short proof of the characterization result.

Suggested Citation

  • Svensson , Lars-Gunnar, 2002. "Strategy-proofness and Fixed-price Allocation of Indivisible Goods - a Characterization Proof," Working Papers 2002:17, Lund University, Department of Economics.
  • Handle: RePEc:hhs:lunewp:2002_017
    as

    Download full text from publisher

    File URL: http://project.nek.lu.se/publications/workpap/Papers/WP02_17.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Shinji Ohseto, 1999. "Strategy-proof allocation mechanisms for economies with an indivisible good," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 16(1), pages 121-136.
    2. Lars-Gunnar Svensson & Bo Larsson, 2002. "Strategy-proof and nonbossy allocation of indivisible goods and money," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 20(3), pages 483-502.
    3. Lars-Gunnar Svensson, 1999. "Strategy-proof allocation of indivisible goods," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 16(4), pages 557-567.
    4. Shapley, Lloyd & Scarf, Herbert, 1974. "On cores and indivisibility," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 23-37, March.
    5. Kevin Roberts, 1984. "The Theoretical Limits to Redistribution," Review of Economic Studies, Oxford University Press, vol. 51(2), pages 177-195.
    6. Schummer, James, 2000. "Eliciting Preferences to Assign Positions and Compensation," Games and Economic Behavior, Elsevier, vol. 30(2), pages 293-318, February.
    7. Miyagawa, Eiichi, 2001. "House Allocation with Transfers," Journal of Economic Theory, Elsevier, vol. 100(2), pages 329-355, October.
    8. Ma, Jinpeng, 1994. "Strategy-Proofness and the Strict Core in a Market with Indivisibilities," International Journal of Game Theory, Springer;Game Theory Society, vol. 23(1), pages 75-83.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Strategy-proof; Indivisible object; Housing market;

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

    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:hhs:lunewp:2002_017. 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: (David Edgerton). General contact details of provider: http://edirc.repec.org/data/delunse.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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.