The Characterisation of the Uniform Reallocation Rule Without Side Payments

Détails

ID Serval
serval:BIB_1934B9465BB4
Type
Partie de livre
Collection
Publications
Titre
The Characterisation of the Uniform Reallocation Rule Without Side Payments
Titre du livre
Game Theoretical Applications to Economics and Operations Research
Auteur⸱e⸱s
Klaus B.
Editeur
Kluwer-Academic Publishers
Lieu d'édition
Dordrecht, The Netherlands
ISBN
0-7923-4712-9
978-1-4757-2640-4
Statut éditorial
Publié
Date de publication
1997
Editeur⸱rice scientifique
Parthasarathy T., Dutta B., Potters J.A.M., Raghavan T.E.S., Ray D., Sen A.
Volume
18
Série
Theory and Decision Library: Series C: Game Theory, Mathematical Programming and Operations Research
Numéro de chapitre
5
Pages
239-255
Langue
anglais
Résumé
We consider the problem of reallocating the total endowment of an infinitely divisible commodity among agents with single-peaked preferences and study several properties of reallocation rules such as individual rationality, endowment monotonicity, no-envy, and bilateral consistency. Our main result is the proof that individual rationality and endowment monotonicity imply Pareto optimality. This result is used to provide two characterizations of the uniform reallocation rule. The first characterization states that the uniform reallocation rule is the unique reallocation rule satisfying individual rationality, endowment monotonicity, and no-envy. In the second characterization, no-envy is replaced by bilateral consistency.
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Création de la notice
26/05/2010 14:43
Dernière modification de la notice
20/08/2019 12:49
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