434 research outputs found

    Mechanisms for division problems with single-dipped preferences

    Get PDF
    A mechanism allocates one unit of an infinitely divisible commodity among agents reporting a number between zero and one. Nash, Pareto optimal Nash, and strong equilibria are analyzed for the case where the agents have single-dipped preferences. One of the main results is that when the mechanism is anonymous, monotonic, standard, and order preserving, then the Pareto optimal Nash and strong equilibria coincide and assign Pareto optimal allocations that are characterized by so-called maximal coalitions: members of a maximal coalition prefer an equal coalition share over obtaining zero, whereas the outside agents prefer zero over obtaining an equal share from joining the coalition
    • …
    corecore