Arbeitspapier
Strategy-proof rule in probabilistic allocation problem of an indivisible good and money
We consider the problem of probabilistically allocating a single indivisible good among agents when monetary transfers are allowed. We construct a new strategy-proof rule, called the second price trading rule, and show that it is second best efficient. Furthermore, we give the second price trading rule three characterizations with (1) strategy-proofness, "budget-balance", equal treatment of equals, weak decision-efficiency, and simple generatability, (2) strategy-proofness, "equal rights lower bound", equal treatment of equals, weak decision-efficiency, and simple generatability, (3) strategy-proofness, "envy- freeness, no-trade-no-transfer", equal treatment of equals, weak decision-efficiency, and simple generatability.
- Language
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Englisch
- Bibliographic citation
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Series: ISER Discussion Paper ; No. 931
- Classification
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Wirtschaft
Social Choice; Clubs; Committees; Associations
Positive Analysis of Policy Formulation and Implementation
- Subject
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Strategy-proofness
Probabilistic allocation problem
Second price trading rule
Budget-balance
Second best efficiency
- Event
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Geistige Schöpfung
- (who)
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Hashimoto, Kazuhiko
- Event
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Veröffentlichung
- (who)
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Osaka University, Institute of Social and Economic Research (ISER)
- (where)
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Osaka
- (when)
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2015
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hashimoto, Kazuhiko
- Osaka University, Institute of Social and Economic Research (ISER)
Time of origin
- 2015
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Characterizing group strategy-proof rules in the object allocation problem with money
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Strategy-Proof Allocation Mechanisms
Secure implementation in economies with indivisible objects and money
Fair allocation algorithms for indivisible items under structured conflict constraints
Coalitionally strategy-proof rules in allotment economies of homogeneous indivisible objects
Second-best incentive compatible allocation rules for multiple-type indivisible objects
Second-best incentive compatible allocation rules for multiple-type indivisible objects
Strategy-proofness and Fixed-price Allocation of Indivisible Goods - a Characterization Proof
Strategy-proof and anonymous allocation rules of indivisible goods: A new characterization of Vickrey allocation rule
Strategy-proof probabilistic mechanisms for public decision with money
Characterizing pairwise strategy-proof rules in object allocation problems with money
Characterizing group strategy-proof rules in the object allocation problem with money
Fair Allocation of Indivisible Items with Conflict Graphs
Strategy-Proof Allocation Mechanisms
Secure implementation in economies with indivisible objects and money
Fair allocation algorithms for indivisible items under structured conflict constraints
Coalitionally strategy-proof rules in allotment economies of homogeneous indivisible objects
Second-best incentive compatible allocation rules for multiple-type indivisible objects