Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/148189
Authors: 
Hashimoto, Kazuhiko
Nakayama, Yu
Year of Publication: 
2016
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 961
Abstract: 
We analyze bankruptcy problems with an indivisible object, where real owners and outside traders want to allocate an indivisible object among them with monetary compensation. The object might be a company that has gone bankrupt or a house left by a parent who has died, and so on. We show that there exists no rule satisfying strategyproofness and the ownership lower bound on any domains that include at least three common preferences.
Subjects: 
Strategy-proofness
Ownership lower bound
Equal right lower bound
Impossibility result
Finitely restricted preference domains
JEL: 
D47
D71
Document Type: 
Working Paper

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