Economics, Econometrics and Finance
3 years ago

New Rule Ensures Fair Allocation of Goods Without Profitable Decompositions

No Profitable Decompositions in Quasi-Linear Allocation Problems
Camelia Bejan, Geoffroy de Clippel

Paper Summary

The article shows how to fairly divide private goods among people by preventing anyone from gaining by breaking the problem into smaller parts. This leads to a rule that shares the total surplus equally, ensuring a fair outcome.

Related papers

Economics, Econometrics and Finance
4 years ago

New Allocation Rule Ensures Fair Distribution of Private Goods

Mechanism Design
Mechanism Design
Monetary Models
Economics, Econometrics and Finance
4 years ago

New rule tackles resource waste in uncertain needs division.

Mechanism Design
Behavioral Economics
Monetary Models
Decision Sciences
4 years ago

Groundbreaking Mechanism Design Unlocks New Possibilities for Fairer Transactions

Mechanism Design
Monetary Models
Economic Analysis
1 view