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Asymmetrically Fair Rules for an Indivisible Good Problem with a Budget Constraint

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Abstract:

We study a particular restitution problem where there is an indivisible good (land or property) over which two agents have rights: the dispossessed agent and the owner. A third party, possibly the government, seeks to resolve the situation by assigning rights to one and compensate the other. There is also a maximum amount of money available for the compensation. We characterize a family of asymmetrically fair rules that are immune to strategic behavior, guarantee minimal welfare levels for the agents, and satisfy the budget constraint.

Tópico:

Economic theories and models

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Citations: 2
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Información de la Fuente:

FuenteSSRN Electronic Journal
Cuartil año de publicaciónNo disponible
Volumen43
IssueNo disponible
Páginas603 - 633
pISSNNo disponible
ISSN1556-5068

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