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Fairness in Auctions and Task Assignments

Author

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  • Duygu Yengin

    (School of Economics, University of Adelaide)

Abstract

We study the problem of allocating objects when monetary transfers are possible. We are interested in mechanisms that allocate the objects in an efficient way and induce the agents to report their true preferences. Within the class of such mechanisms, fist we characterize egalitarian-equivalent mechanisms. Then, we add a bounded-deficit condition and characterize the corresponding class. Finally, we investigate the relations between egalitarian- equivalence and other fairness notions such as no-envy.

Suggested Citation

  • Duygu Yengin, 2009. "Fairness in Auctions and Task Assignments," School of Economics and Public Policy Working Papers 2009-27, University of Adelaide, School of Economics and Public Policy.
    • Handle: RePEc:adl:wpaper:2009-27
    as

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    File URL: https://media.adelaide.edu.au/economics/papers/doc/wp2009-27.pdf
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    References listed on IDEAS

    as
    1. Green, Jerry & Laffont, Jean-Jacques, 1977. "On the revelation of preferences for public goods," Journal of Public Economics, Elsevier, vol. 8(1), pages 79-93, August.
    2. Murat Atlamaz & Duygu Yengin, 2008. "Fair Groves mechanisms," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(4), pages 573-587, December.
    3. Green, Jerry & Laffont, Jean-Jacques, 1977. "Characterization of Satisfactory Mechanisms for the Revelation of Preferences for Public Goods," Econometrica, Econometric Society, vol. 45(2), pages 427-438, March.
    4. Elisha A. Pazner & David Schmeidler, 1978. "Egalitarian Equivalent Allocations: A New Concept of Economic Equity," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 92(4), pages 671-687.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    allocation of indivisible goods and money; fair auctions; task assignments; strategy-proofness; the Vickrey-Clarke-Groves mechanisms; order preservation; egalitarian-equivalence; no-envy; egalitarianism;
    All these keywords.

    JEL classification:

    • C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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