Strategy-proof exchange under trichotomous preferences

Vikram Manjunath and Alexander Westkamp

Journal of Economic Theory, 2021, vol. 193, issue C

Abstract: We study the balanced exchange of indivisible objects without monetary transfers when agents may be endowed with (and consume) more than one object. We propose a natural domain of preferences that we call trichotomous. In this domain, each agent's preference over bundles of objects is responsive to an ordering over objects that has the following three indifference classes, in decreasing order of preferences: desirable objects, objects that she is endowed with but does not consider desirable, and objects that she neither is endowed with nor finds desirable.

Keywords: Individual rationality; Pareto-efficiency; Strategy-proofness; Indivisible goods; Multi-unit demand (search for similar items in EconPapers)
JEL-codes: C78 D82 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0022053121000144
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:193:y:2021:i:c:s0022053121000144

DOI: 10.1016/j.jet.2021.105197

Access Statistics for this article

Journal of Economic Theory is currently edited by A. Lizzeri and K. Shell

More articles in Journal of Economic Theory from Elsevier
Bibliographic data for series maintained by Catherine Liu ().