Extending the Characterization of Maximum Nash Welfare

Sheung Man Yuen and Warut Suksompong

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Abstract: In the allocation of indivisible goods, the maximum Nash welfare rule has recently been characterized as the only rule within the class of additive welfarist rules that satisfies envy-freeness up to one good. We extend this characterization to the class of all welfarist rules.

Date: 2023-01, Revised 2023-02
New Economics Papers: this item is included in nep-des and nep-gth
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Published in Economics Letters, 224:111030 (2023)

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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2301.03798

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