- A-Z
- Jena Economic Resea...
- Volume 4
- Rules (of Bidding) ...
Rules (of Bidding) to Generate Equal Stated Profits
- An Axiomatic Approach -
- Autor(in)
- Erschienen
- 5. März 2010
- Nummer des Discussion-Papers
-
2010-014
- Schlagwort(e)
-
Auctions
Envy-Freeness
Fair Division
Procedural fairness
- Zusammenfsg.
-
Although one may hope to achieve equality of stated profits without enforcing it, one may not trust in such voluntary equality seeking and rather try to impose rules (of bidding) guaranteeing it. Our axiomatic approach is based on envy-free net trades according to bids which, together with the equality requirement, characterize the first-prize auction and fair division game.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- JEL-Classification for JER
- D44 - Auctions ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; C72 - Noncooperative Games ; D74 - Conflict; Conflict Resolution; Alliances