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A Characterization of the Randomized Uniform Rule

Author

Listed:
  • Wataru Kureishi

    (Graduate School of Economics, Osaka University)

  • Hideki Mizukami

    (Faculty of Economics, Toyama University)

Abstract

We consider the problem of allocating several units of an indivisible object among the agents with single-peaked and risk-averse utility functions. We introduce equal probability for the best, and show that the randomized uniform rule is the only randomized rule satisfying strategy-proofness, Pareto optimality, and equal probability for the best. This is an alternative characterization of the result of Ehlers and Klaus (2004).

Suggested Citation

  • Wataru Kureishi & Hideki Mizukami, 2005. "A Characterization of the Randomized Uniform Rule," Discussion Papers in Economics and Business 05-20, Osaka University, Graduate School of Economics.
    • Handle: RePEc:osk:wpaper:0520
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    File URL: http://www2.econ.osaka-u.ac.jp/library/global/dp/0520.pdf
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    More about this item

    Keywords

    The Randomized Uniform Rule; Single-Peaked Utility Functions; Equal Probability for the Best; Strategy-Proofness; Indivisibility;
    All these keywords.

    JEL classification:

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

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