Article ID Journal Published Year Pages File Type
957455 Journal of Economic Theory 2008 17 Pages PDF
Abstract

In the assignment problem of indivisible objects with money, we study social ordering functions which satisfy the requirement that social orderings should be independent of changes in preferences over infeasible bundles. We combine this axiom with efficiency, consistency and equity axioms. Our result is that the only social ordering function satisfying those axioms is the leximin function in money utility.

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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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