ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 961
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.
Strategy-proofness Ownership lower bound Equal right lower bound Impossibility result Finitely restricted preference domains