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Title:Regrouping of endowments in exchange markets with indivisible goods PDF Logo
Authors:Dimitrov, Dinko
Haake, Claus-Jochen
Issue Date:2005
Series/Report no.:Working papers // Institute of Mathematical Economics 367
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.
Subjects:Exchange markets
Indivisible goods
Persistent Identifier of the first edition:urn:nbn:de:hbz:361-7321
Document Type:Working Paper
Appears in Collections:Working Papers, Center for Mathematical Economics (IMW), Bielefeld University

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