Arbeitspapier

A Bayesian incentive compatible mechanism for fair division

We consider the problem of fairly allocating one indivisible object when monetary transfers are possible, and examine the existence of Bayesian incentive compatible mechanisms to solve the problem. We propose a mechanism that satisfies envy-freeness, budget balancedness, and Bayesian incentive compatibility. Further, we establish the uniqueness of the mechanism under an order additivity condition. This result contrasts well with various results on the incompatibility between efficiency and ex post incentive compatibility.

Sprache
Englisch

Erschienen in
Series: ISER Discussion Paper ; No. 721

Klassifikation
Wirtschaft
Noncooperative Games
Bargaining Theory; Matching Theory
Allocative Efficiency; Cost-Benefit Analysis
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Social Choice; Clubs; Committees; Associations
Thema
Bayesian incentive compatibility
Fair division
Indivisible good
Mechanism design

Ereignis
Geistige Schöpfung
(wer)
Fujinaka, Yuji
Ereignis
Veröffentlichung
(wer)
Osaka University, Institute of Social and Economic Research (ISER)
(wo)
Osaka
(wann)
2008

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Fujinaka, Yuji
  • Osaka University, Institute of Social and Economic Research (ISER)

Entstanden

  • 2008

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