| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5071562 | Games and Economic Behavior | 2015 | 6 Pages |
Abstract
In a spatial model with Euclidean preferences, we introduce a new rule, the geometric median, and characterize it as the smallest rule (with respect to set inclusion) satisfying a collection of axioms. The geometric median is independent of the choice of coordinates and is Nash implementable.
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Economics and Econometrics
Authors
Richard L. Brady, Christopher P. Chambers,