Hervé Moulin :
Mechanism design for Fair Division
Abstract:
The first task of a microeconomic approach to Fair Division is prescriptive:
what definition of Fairness is compatible with the other paramount normative
concern of Efficiency (Pareto optimality)? Next, to implement a fair and efficient
division of the manna, we must take into account the descriptive constraints of
Incentive Compatibility.
We discuss two allocation problems where these three requirements are
"miraculously" compatible, in sharp contrast to the general impossibility re-
sults discvovered in the first three decades of the mechanism design literature.
For details on the two problems see Lecture 1 in this file
References
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