No profitable decompositions in quasi-linear allocation problems

A-Tier
Journal: Journal of Economic Theory
Year: 2011
Volume: 146
Issue: 5
Pages: 1995-2012

Score contribution per author:

2.018 = (α=2.02 / 2 authors) × 2.0x A-tier

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

Abstract

We study the problem of allocating a bundle of perfectly divisible private goods from an axiomatic point of view, in situations where compensations can be made through monetary transfers. The key property we impose on the allocation rule requires that no agent should be able to gain by decomposing the problem into sequences of subproblems. Combined with additional standard properties, it leads to a characterization of the rule that shares the total surplus equally. Hence a traditional welfarist rule emerges as the unique consequence of our axioms phrased in a natural economic environment.

Technical Details

RePEc Handle
repec:eee:jetheo:v:146:y:2011:i:5:p:1995-2012
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24