Working Papers, Department of Economics, Lund University
No 2002:17:
Strategy-proofness and Fixed-price Allocation of Indivisible Goods - a Characterization Proof
Lars-Gunnar Svensson ()
Abstract: In this paper we considered the classical Shapley-Scarf
(1974) "house allocation model", where in addition there is a perfectly
divisible good (money). The problem is to characterize all strategy-proof,
nonbossy and individually rational allocation mechanisms. The finding is
that only a fixed-price allocation mechanism is consistent with these
presumptions. Miyagawa (2001) first proved this result. Here we give an
alternative and comparatively short proof of the characterization
result.
Keywords: Strategy-proof; Indivisible object; Housing market; (follow links to similar papers)
JEL-Codes: C71; C78; D71; D78; (follow links to similar papers)
11 pages, June 7, 2002
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
WP02_17.pdf
Download Statistics
Questions (including download problems) about the papers in this series should be directed to David Edgerton ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design by Joachim Ekebom