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

Paula Jaramillo, Çaǧatay Kayi, Flip Klijn

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)603-633
Number of pages31
JournalSocial Choice and Welfare
Volume43
Issue number3
DOIs
StatePublished - 2014

All Science Journal Classification (ASJC) codes

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

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