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http://hdl.handle.net/10419/43795
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| Title: | | Regrouping of endowments in exchange markets with indivisible goods  |
| 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 Regrouping-proofness |
| JEL: | | C71 D71 D78 D82 H41 |
| Persistent Identifier of the first edition: | | urn:nbn:de:hbz:361-7321 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Papers, Institute of Mathematical Economics, Universität Bielefeld
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