A Characterization of the Randomized Uniform Rule

Wataru Kureishi () and Hideki Mizukami
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Wataru Kureishi: Graduate School of Economics, Osaka University

No 05-20, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

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).

Keywords: The Randomized Uniform Rule; Single-Peaked Utility Functions; Equal Probability for the Best; Strategy-Proofness; Indivisibility (search for similar items in EconPapers)
JEL-codes: D63 D71 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2005-07
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