From the bankruptcy problem and its Concede-and-Divide solution to the assignment problem and its Fair Division solution

B-Tier
Journal: Games and Economic Behavior
Year: 2018
Volume: 108
Issue: C
Pages: 225-238

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We revisit two classic problems: the assignment problem, in which matched pairs of agents create value, and the bankruptcy problem, in which we need to share an endowment among agents with conflicting claims. Since Core Selection constrains us to exactly divide the value created by matched agents, the assignment problem corresponds to multiple two-player bankruptcy problems. From this we obtain equivalence between the Concede-and-Divide (Aumann and Maschler, 1985) sharing method for the bankruptcy problem and the Fair Division solution (Thompson, 1981) for the assignment problem.

Technical Details

RePEc Handle
repec:eee:gamebe:v:108:y:2018:i:c:p:225-238
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29