Divide and compromise

被引:6
作者
Nicolo, Antonio [1 ,2 ]
Velez, Rodrigo A. [3 ]
机构
[1] Univ Padua, Dept Econ, Via Santo 33, I-35123 Padua, Italy
[2] Univ Manchester, Sch Social Sci, Oxford Rd, Manchester M13 9PL, Lancs, England
[3] Texas A&M Univ, Dept Econ, College Stn, TX 77843 USA
关键词
EGALITARIAN-EQUIVALENT ALLOCATIONS; INDIVISIBLE GOODS; FAIR DIVISION; IMPLEMENTATION; PARTNERSHIP; ENVY; ECONOMIES; MARKET; MONEY; GAMES;
D O I
10.1016/j.mathsocsci.2017.04.004
中图分类号
F [经济];
学科分类号
02 ;
摘要
We introduce two symmetrized versions of the popular divide-and-choose mechanism for the allocation of a collectively owned indivisible good between two agents when monetary compensation is available. Our proposals retain the simplicity of divide-and-choose and correct its ex-post asymmetry. When there is complete information, i.e., agents know each other well, both mechanisms implement in subgame perfect equilibria a unique allocation that would be obtained by a balanced market. The results hold for general continuous preferences that may not be quasi-linear. (C) 2017 Elsevier B.V. All rights reserved.
引用
收藏
页码:100 / 110
页数:11
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