Regrouping of endowments in exchange markets with indivisible goods

Dinko Dimitrov and Claus-Jochen Haake
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Claus-Jochen Haake: Center for Mathematical Economics, Bielefeld University

No 367, Center for Mathematical Economics Working Papers from Center for Mathematical Economics, Bielefeld University

Abstract: In this paper we are interested in efficient and individually rational exchange rules for markets with heterogeneous indivisible goods that exclude the possibility that an agent benefits by regrouping goods in her initial endowment. We present a suitable environment in which the existence of such rules can be analysed, and show the incompatibility of efficiency, individual rationality and regrouping-proofness even if agents' preferences are additive separable.

Keywords: Regrouping-proofness; Exchange markets; Indivisible goods (search for similar items in EconPapers)
Date: 2011-08-12
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bie:wpaper:367

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