PROCEDURES FOR RANDOM DIVISION OF A SET OF INDIVISIBLE GOODS Cover Image

Probabilistyczne metody podziału zbioru dóbr niepodzielnych
PROCEDURES FOR RANDOM DIVISION OF A SET OF INDIVISIBLE GOODS

Author(s): Marek Bożykowski
Subject(s): Business Economy / Management
Published by: Akademia Leona Koźmińskiego
Keywords: fair distribution; indivisible goods; probabilistic procedures; random priority; probabilistic serial

Summary/Abstract: In fair distribution of a set of indivisible goods it is problematic to provide basic equality if the goods differ in value. One of the most popular solutions to the problems are lotteries. The paper presents seven selected probabilistic procedures: random distribution, lexicographic procedure of equal chances of satisfaction, random serial dictatorship, core from random endowments, probabilistic serial, top trading cycles from equal division and random priority with infi nite k factor. Some of these procedures always lead to the same result as some other procedure, therefore these procedures are equivalent. The formal features of the procedures are also analysed in the paper: ordinal efficiency, ex post efficiency, and both strong and week version of: envy-freeness, proportionality, equitability, and individual strategy-proofness.

  • Issue Year: 2016
  • Issue No: 26
  • Page Range: 59-107
  • Page Count: 49
  • Language: Polish
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