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Social choice with transfers

Gregorio Curello and Sam Jindani

Papers from arXiv.org

Abstract: We consider the problem of social choice when transfers between agents are possible. This includes several canonical applications: public-good provision, management of a common resource, settlement of debts, and division of goods. The question of interest is, given a set of possible alternatives, which should be chosen and what transfers, if any, should be made? We show that the Shapley value of the stand-alone game is the only solution to satisfy certain desirable properties.

Date: 2025-01, Revised 2025-12
New Economics Papers: this item is included in nep-gth and nep-mic
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