Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/73218
Citations | ||
Scopus | Web of ScienceĀ® | Altmetric |
---|---|---|
?
|
?
|
Type: | Journal article |
Title: | Characterizing welfare-egalitarian mechanisms with solidarity when valuations are private information |
Author: | Yengin, D. |
Citation: | The BE Journal in Theoretical Economics, 2012; 12(1):12-12 |
Publisher: | Walter de Gruyter GmbH & Co KG |
Issue Date: | 2012 |
ISSN: | 1935-1704 1935-1704 |
Statement of Responsibility: | Duygu Yengin |
Abstract: | In the problem of assigning indivisible goods and monetary transfers, we characterize welfare-egalitarian mechanisms (that are decision-efficient and incentive compatible) with an axiom of solidarity under preference changes and a fair ranking axiom of order preservation. This result is in line with characterizations of egalitarian rules with solidarity in other economic models. We also show that we can replace order-preservation with egalitarian-equivalence or no-envy (on the subadditive domain) and still characterize the welfare-egalitarian class. However, if we weaken order preservation to symmetry, mechanisms that are not welfare-egalitarian exist. We also study upper bounds on deficit and welfare lower bounds that characterize subclasses of the welfare-egalitarian class. |
Keywords: | welfare egalitarianism solidarity order preservation egalitarian-equivalence no-envy distributive justice NIMBY problems imposition of tasks allocation of indivisible (public) goods and money the Groves mechanisms strategy-proofness unanimity symmetry fair allocation. |
Rights: | Copyright status unknown |
DOI: | 10.1515/1935-1704.1789 |
Published version: | http://dx.doi.org/10.1515/1935-1704.1789 |
Appears in Collections: | Aurora harvest 5 Economics publications |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
RA_hdl_73218.pdf Restricted Access | Restricted Access | 332.23 kB | Adobe PDF | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.