Joint misrepresentation with bribes

Nanyang Bu ()

Economic Theory, 2016, vol. 61, issue 1, 115-125

Abstract: We study the problem of assigning objects to buyers. Monetary transfers are allowed. Each buyer’s preference space contains, but is not limited to, the linear additively separable preferences. A rule maps each preference profile to an allocation. We are concerned about the possibility that a group of buyers may engage in the following kind of manipulation: They make side payments internally and then carry out a joint misrepresentation. A rule is strongly group strategy-proof if no group can gain by engaging in such operations. We also consider several other appealing requirements. We find that the posted-price rules are the only one that satisfies non-triviality, non-imposition, envy-freeness, and strong group strategy-proofness. Copyright Springer-Verlag Berlin Heidelberg 2016

Keywords: Assigning objects with transfers; Strong group strategy-proofness; Posted-price rules; C70; D63; D70 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s00199-014-0819-x

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