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Asymmetrically fair rules for an indivisible good problem with a budget constraint

Paula Jaramillo, Cagatay Kayi and Flip Klijn

Documentos de Trabajo from Universidad del Rosario

Abstract: We study a particular restitution problem where there is an indivisible good (land or property) over which two agents have rights: the dispossessed agent and the owner. A third party, possibly the government, seeks to resolve the situation by assigning rights to one and compensate theother. There is also a maximum amount of money available for the compensation. We characterize a family of asymmetrically fair rules that are immune to strategic behavior, guarantee minimal welfare levels for the agents, and satisfy the budget constraint.

Keywords: Fairness; strategy-proofness; indivisible good; land restitution. (search for similar items in EconPapers)
JEL-codes: D61 D63 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm, nep-gth and nep-mic
Date: 2012-03-11
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http://repository.urosario.edu.co/bitstream/handle/10336/10842/9381.pdf

Related works:
Journal Article: Asymmetrically fair rules for an indivisible good problem with a budget constraint (2014) Downloads
Working Paper: Asymmetrically Fair Rules for an Indivisible Good Problem with a Budget Constraint (2012) Downloads
Working Paper: Asymmetrically Fair Rules for an Indivisible Good Problem with a Budget Constraint (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:col:000092:009381

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