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Optimality of the uniform rule under single-peaked preferences

Author

Listed:
  • Ruben Juarez

    (University of Hawaii)

  • Jung S. You

    (California State University, East Bay)

Abstract

Consider the problem of distributing a fixed amount of a divisible resource among agents whose preferences are single-peaked. The uniform rule has been widely characterized under an ordinal utility approach. Instead, in a cardinal utility approach, we show that the uniform rule is the only consistent rule that maximizes the worst-case surplus among strategy-proof and ordinally efficient mechanisms.

Suggested Citation

  • Ruben Juarez & Jung S. You, 2019. "Optimality of the uniform rule under single-peaked preferences," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(1), pages 27-36, May.
    • Handle: RePEc:spr:etbull:v:7:y:2019:i:1:d:10.1007_s40505-018-0141-z
    DOI: 10.1007/s40505-018-0141-z
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    References listed on IDEAS

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    Cited by:

    1. Jung S. You & Ruben Juarez, 2021. "Incentive-compatible simple mechanisms," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(4), pages 1569-1589, June.
    2. Ruben Juarez & Kohei Nitta & Miguel Vargas, 2020. "Profit-sharing and efficient time allocation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(3), pages 817-846, October.

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    More about this item

    Keywords

    Single-peaked preferences; Strategy-proofness; Worst-case analysis; Efficiency; Uniform rule; Consistency; Divisible good; Economic surplus;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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