Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
957201 | Journal of Economic Theory | 2013 | 20 Pages |
Abstract
A single valuable object must be allocated to at most one of n agents. Monetary transfers are possible and preferences are quasilinear. We offer an explicit description of the individually rational mechanisms which are Pareto-optimal in the class of feasible, strategy-proof, anonymous and envy-free mechanisms. These mechanisms form a one-parameter infinite family; the Vickrey mechanism is the only Groves mechanism in that family.
Related Topics
Social Sciences and Humanities
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Authors
Yves Sprumont,