Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/43795
Authors: 
Dimitrov, Dinko
Haake, Claus-Jochen
Year of Publication: 
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
Regrouping-proofness
JEL: 
C71
D71
D78
D82
H41
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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