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Regrouping of endowments in exchange markets with indivisible goods

Author

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  • Dimitrov, Dinko

    (Center for Mathematical Economics, Bielefeld University)

  • Haake, Claus-Jochen

    (Center for Mathematical Economics, Bielefeld University)

Abstract

In this paper we are interested in efficient and individually rational exchange rules for markets with heterogeneous indivisible goods that exclude the possibility that an agent benefits by regrouping goods in her initial endowment. We present a suitable environment in which the existence of such rules can be analysed, and show the incompatibility of efficiency, individual rationality and regrouping-proofness even if agents' preferences are additive separable.

Suggested Citation

  • Dimitrov, Dinko & Haake, Claus-Jochen, 2011. "Regrouping of endowments in exchange markets with indivisible goods," Center for Mathematical Economics Working Papers 367, Center for Mathematical Economics, Bielefeld University.
    • Handle: RePEc:bie:wpaper:367
    as

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    File URL: https://pub.uni-bielefeld.de/download/2315453/2319792
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    References listed on IDEAS

    as
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    3. Andrew Postlewaite, 1979. "Manipulation via Endowments," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 46(2), pages 255-262.
    4. Sertel, Murat R. & Ozkal-Sanver, Ipek, 2002. "Manipulability of the men- (women-) optimal matching rule via endowments," Mathematical Social Sciences, Elsevier, vol. 44(1), pages 65-83, September.
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    6. Tayfun Sonmez, 1999. "Strategy-Proofness and Essentially Single-Valued Cores," Econometrica, Econometric Society, vol. 67(3), pages 677-690, May.
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    8. Shapley, Lloyd & Scarf, Herbert, 1974. "On cores and indivisibility," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 23-37, March.
    9. Ma, Jinpeng, 1994. "Strategy-Proofness and the Strict Core in a Market with Indivisibilities," International Journal of Game Theory, Springer;Game Theory Society, vol. 23(1), pages 75-83.
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    11. Biung-Ghi Ju, 2003. "A characterization of strategy-proof voting rules for separable weak orderings," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 21(3), pages 469-499, December.
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    Cited by:

    1. de Regt, E.R., 2005. "Overtime and short-time with fluctuating absenteeism and demand," Research Memorandum 027, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).

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