Quesada, Antonio (2009): Allocation of objects with conditional property rights.
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This paper considers the allocation of indivisible goods among members of a collective assuming that individuals are given the right to retain certain goods when some individuals alter the allocation problem. The assignment of rights is exhaustive in that, for every good x, either individual i can exercise a right over x against j or j against i. It is shown that the only Pareto efficient allocation rules satisfying these requirements are those having a hierarchy of diarchies.
|Item Type:||MPRA Paper|
|Original Title:||Allocation of objects with conditional property rights|
|Keywords:||Allocation rule; hierarchy of diarchies; indivisible good; property right.|
|Subjects:||D - Microeconomics > D7 - Analysis of Collective Decision-Making > D70 - General
D - Microeconomics > D6 - Welfare Economics > D61 - Allocative Efficiency ; Cost-Benefit Analysis
|Depositing User:||Antonio Quesada|
|Date Deposited:||22. Dec 2009 06:15|
|Last Modified:||17. Feb 2013 08:04|
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