Fair Division with Money and Prices

• Tác giả: Anna Bogomolnaia, Herve Moulin
• Ngôn ngữ: eng
• Ký hiệu phân loại: 332.4 Money
• Thông tin xuất bản: 2022
• Bộ sưu tập: Metadata
• ID: 194443

Tóm tắt

 We must divide a finite number of indivisible goods and cash transfers between agents with quasi-linear but otherwise arbitrary utilities over the subsets of goods. We compare two division rules with cognitively feasible and privacy preserving individual messages. In Sell&Buy agents bid for the role of Seller or Buyer: with two agents the smallest bid defines the Seller who then charges any a price constrained only by her winning bid. In Divide&Choose agents bid for the role of Divider, then everyone bids on the shares of the Divider's partition. S&B dominates D&C on two counts: its guaranteed utility in the worst case rewards (resp. penalises) more subadditive (resp. superadditive) utilities
  playing safe is never ambiguous and is also better placed to collect a larger share of the efficient surplus.