Binary mechanism for the allocation problem with single-dipped preferences
In this study, we consider the problem of fairly allocating a fixed amount of a perfectly divisible resource among agents with single-dipped preferences. It is known that any efficient and strategy-proof rule violates several fairness requirements. We alternatively propose a simple and natural mecha...
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Veröffentlicht in: | Social choice and welfare 2023-05, Vol.60 (4), p.647-669 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | In this study, we consider the problem of fairly allocating a fixed amount of a perfectly divisible resource among agents with single-dipped preferences. It is known that any efficient and strategy-proof rule violates several fairness requirements. We alternatively propose a simple and natural mechanism, in which each agent announces only whether he or she demands a resource and the resource is divided equally among the agents who demand it. We show that any Nash equilibrium allocation of our mechanism belongs to the equal-division core. In addition, we show that our mechanism is Cournot stable. In other words, from any message profile, any path of better-replies converges to a Nash equilibrium. |
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ISSN: | 0176-1714 1432-217X |
DOI: | 10.1007/s00355-022-01427-1 |