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http://hdl.handle.net/10419/32604
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| Title: | | Rules (of bidding) to generate equal stated profits: An axiomatic approach  |
| Authors: | | Güth, Werner |
| Issue Date: | | 2010 |
| Series/Report no.: | | Jena economic research papers 2010,014 |
| Abstract: | | Although one may hope to achieve equality of stated profits without enforcing it, one may not trust in such voluntary equality seeking and rather try to impose rules (of bidding) guaranteeing it. Our axiomatic approach is based on envy-free net trades according to bids which, together with the equality requirement, characterize the first-prize auction and fair division game. |
| Subjects: | | Auctions Fair Division Procedural fairness Envy-Freeness |
| JEL: | | D44 D63 C72 D74 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
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