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(Minimally) ?-Incentive Compatible Competitive Equilibria in Economies with Indivisibilities

  • Tommy Andersson
  • Lars Ehlers
  • Lars-Gunnar Svensson

We consider competitive and budget-balanced allocation rules for problems where a number of indivisible objects and a fixed amount of money is allocated among a group of agents. In "small" economies, we identify under classical preferences each agent's maximal gain from manipulation. Using this result we find the competitive and budget-balanced allocation rules which are minimally manipulable for each preference profile in terms of any agent's maximal gain. If preferences are quasi-linear, then we can find a competitive and budget-balanced allocation rule such that for any problem, the maximal utility gain from manipulation is equalized among all agents.

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Paper provided by Centre interuniversitaire de recherche en économie quantitative, CIREQ in its series Cahiers de recherche with number 04-2012.

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Length: 16 pages
Date of creation: 2012
Date of revision:
Handle: RePEc:mtl:montec:04-2012
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  2. Maus,Stefan & Peters,Hans & Storcken,Ton, 2004. "Minimal Manipulability: Anonymity and Unanimity," Research Memorandum 026, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  3. Paula Jaramillo & Cagatay Kayi & Flip Klijn, 2012. "Asymmetrically fair rules for an indivisible good problem with a budget constraint," DOCUMENTOS DE TRABAJO 009381, UNIVERSIDAD DEL ROSARIO.
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  12. Roberts, Donald John & Postlewaite, Andrew, 1976. "The Incentives for Price-Taking Behavior in Large Exchange Economies," Econometrica, Econometric Society, vol. 44(1), pages 115-27, January.
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  15. Jackson, Matthew O., 1992. "Incentive compatibility and competitive allocations," Economics Letters, Elsevier, vol. 40(3), pages 299-302, November.
  16. 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.
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