Rules (of Bidding) to Generate Equal Stated Profits - An Axiomatic Approach - Volume 4 Jena Economic Research Papers 2010-03-05 2010 2007 2010-014 Auctions Fair Division Procedural fairness Envy-Freeness 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. jportal_jpjournal_00000016 2010-03-05T13:11:17.734Z 2010-12-17T11:54:17.101Z