Non-manipulable division rules in claim problems and generalizations.
When resources are divided among agents, the characteristics of the agents are taken into consideration. A simple example is the bankruptcy problem, where the liquidation value of a bankrupt firm is divided among the creditors based on their claims. We characterize division rules under which no grou...
| Publicado en: | Journal of Economic Theory Vol. 132; no. 1; pp. 1 - 27 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Academic Press Inc.
January 2007
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=511293858&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 511293858 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220531 RTH jtl: Journal of Economic Theory issn: 00220531 maglogo: N pubinfo: dt: January 2007 vid: 132 iid: 1 pid: 735 pub: Academic Press Inc. artinfo: ui: 511293858 10.1016/j.jet.2005.08.003 ppf: 1 ppct: 26 formats: tig: atl: Non-manipulable division rules in claim problems and generalizations. aug: au: Ju, Biung-Ghi Miyagawa, Eiichi Sakai, Toyotaka su: Resource allocation -- Mathematical models Mathematical models of bankruptcy sug: subj: Resource allocation -- Mathematical models Mathematical models of bankruptcy ab: When resources are divided among agents, the characteristics of the agents are taken into consideration. A simple example is the bankruptcy problem, where the liquidation value of a bankrupt firm is divided among the creditors based on their claims. We characterize division rules under which no group of agents can increase the total amount they receive by transferring their characteristics within the group. By allowing agents' characteristics to be multi-dimensional and choosing the meaning of variables appropriately, our model can subsume a number of existing and new allocation problems, such as cost sharing, social choice with transferable utilities, income redistribution, bankruptcy with multiple types of assets, probability updating, and probability aggregation. A number of existing and new results in specific problems are obtained as corollaries. Copyright (c) 2006 Elsevier Inc. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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