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Allocation of objects with conditional property rights

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  • Quesada, Antonio

Abstract

This paper considers the allocation of indivisible goods among members of a collective assuming that individuals are given the right to retain certain goods when some individuals alter the allocation problem. The assignment of rights is exhaustive in that, for every good x, either individual i can exercise a right over x against j or j against i. It is shown that the only Pareto efficient allocation rules satisfying these requirements are those having a hierarchy of diarchies.

Suggested Citation

  • Quesada, Antonio, 2009. "Allocation of objects with conditional property rights," MPRA Paper 19469, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:19469
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    References listed on IDEAS

    as
    1. Szilvia Papai, 2000. "Strategyproof Assignment by Hierarchical Exchange," Econometrica, Econometric Society, vol. 68(6), pages 1403-1434, November.
    2. Lars Ehlers & Bettina Klaus, 2004. "Resource-monotonicity for house allocation problems," International Journal of Game Theory, Springer;Game Theory Society, vol. 32(4), pages 545-560, August.
    3. Shapley, Lloyd & Scarf, Herbert, 1974. "On cores and indivisibility," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 23-37, March.
    4. Papai, Szilvia, 2007. "Exchange in a general market with indivisible goods," Journal of Economic Theory, Elsevier, vol. 132(1), pages 208-235, January.
    5. Ergin, Haluk I., 2000. "Consistency in house allocation problems," Journal of Mathematical Economics, Elsevier, vol. 34(1), pages 77-97, August.
    6. Lars Ehlers & Bettina Klaus, 2003. "Resource-Monotonicity for House Allocation," Working Papers 33, Barcelona School of Economics.
    7. Lars-Gunnar Svensson, 1999. "Strategy-proof allocation of indivisible goods," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 16(4), pages 557-567.
    8. Ehlers, Lars, 2002. "Coalitional Strategy-Proof House Allocation," Journal of Economic Theory, Elsevier, vol. 105(2), pages 298-317, August.
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    More about this item

    Keywords

    Allocation rule; hierarchy of diarchies; indivisible good; property right.;
    All these keywords.

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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