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Asymmetrically fair rules for an indivisible good problem with a budget constraint

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Date
2012-03
Author
Jaramillo Vidales, Paula
Catagay, Kayi
Klijn, Flip
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Citation
URI
https://ideas.repec.org/p/col/000092/009381.html...

Abstract
We study a particular restitution problem where there is an indivisible good (land or property) over which two agents have rights: the dispossessed agent and the owner. A third party, possibly the government, seeks to resolve the situation by assigning rights to one and compensate the other. There is also a maximum amount of money available for the compensation. We characterize a family of asymmetrically fair rules that are immune to strategic behavior, guarantee minimal welfare levels for the agents, and satisfy the budget constraint.

Keyword

Fairness ; Strategy-proofness ; Indivisible good ; Land restitution ;

Source link

https://ideas.repec.org/p/col/000092/009381.html...

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