Consistent solutions to the allocation of indivisible objects with general endowments

Jun Zhang

Papers from arXiv.org

Abstract: We apply the consistency principle to examine various core concepts in a general allocation model that subsumes several familiar market design models as special cases. The conventional strong core is consistent but may be empty, whereas the exclusion core proposed by Balbuzanov and Kotowski (2019), although nonempty, is not consistent and may include unintuitive allocations. We therefore propose a refinement of the exclusion core, which is both nonempty and consistent. Our solution offers sharper predictions than alternatives and coincides with the strong core and/or the exclusion core in special cases that generalize familiar models.

Date: 2025-11, Revised 2025-12
New Economics Papers: this item is included in nep-des
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