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Non-manipulable rules for land rental problems

Author

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  • Valencia-Toledo, Alfredo
  • Vidal-Puga, Juan

Abstract

We consider land rental problems where there are several communities that can act as lessors and a single tenant who does not necessary need all the available land. A rule should determine which communities become lessors, how much land they rent and at which price. Our first result is a complete characterization of the family of rules that satisfy land monotonicity and non-manipulability under land reassignment. We also define two parametric subfamilies. The first one is characterized by adding a property of weighted standard for two-person. The second one is characterized by adding consistency and continuity.

Suggested Citation

  • Valencia-Toledo, Alfredo & Vidal-Puga, Juan, 2015. "Non-manipulable rules for land rental problems," MPRA Paper 67334, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:67334
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    File URL: https://mpra.ub.uni-muenchen.de/67334/2/MPRA_paper_67334.pdf
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    References listed on IDEAS

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    Cited by:

    1. Alfredo Valencia-Toledo & Juan Vidal-Puga, 2020. "A sequential bargaining protocol for land rental arrangements," Review of Economic Design, Springer;Society for Economic Design, vol. 24(1), pages 65-99, June.
    2. Valencia-Toledo, Alfredo & Vidal-Puga, Juan, 2017. "Duality in land rental problems," MPRA Paper 80509, University Library of Munich, Germany.

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    More about this item

    Keywords

    land rental; non-manipulability; land reassignment; land monotonicity; consistency; standard for two-person;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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