A Unique Informationally Efficient and Decentralized Mechanism with Fair Outcomes
نویسندگان
چکیده
منابع مشابه
A Unique Informationally Efficient Allocation Mechanism in Economies
This article investigates the informational requirements of resource allocation processes in pure exchange economies with consumption externalities. It is shown that the distributive Lindahl mechanism has a minimal informational size of the message space, and thus it is informationally the most efficient allocation process that is informationally decentralized and realizes Pareto-efficient allo...
متن کاملInformationally Efficient Trade Barriers∗
Why are trade barriers often used to protect home producers, even at the cost of introducing deadweight losses from higher commodity prices? We add an informational friction to the standard textbook argument in favor of free trade, and show that trade restrictions may be a more efficient policy than a lump sum transfer to the displaced producers. Trade barriers, while generating deadweight loss...
متن کاملHypo-efficient domination and hypo-unique domination
For a graph $G$ let $gamma (G)$ be its domination number. We define a graph G to be (i) a hypo-efficient domination graph (or a hypo-$mathcal{ED}$ graph) if $G$ has no efficient dominating set (EDS) but every graph formed by removing a single vertex from $G$ has at least one EDS, and (ii) a hypo-unique domination graph (a hypo-$mathcal{UD}$ graph) if $G$ has at least two minimum dominating sets...
متن کاملInformationally Efficient Multi-User Communication
of the Dissertation Informationally Efficient Multi-User Communication
متن کاملFair and Efficient Assignment via the Probabilistic Serial Mechanism∗
This paper studies the problem of assigning a set of indivisible objects to a set of agents when monetary transfers are not allowed. We offer two characterizations of the prominent lottery assignment mechanism called the probabilistic serial (Bogomolnaia and Moulin, 2001). We show that it is the only mechanism satisfying non-wastefulness and ordinal fairness and the only mechanism satisfying sd...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Econometrica
سال: 1993
ISSN: 0012-9682
DOI: 10.2307/2951496