Balancing supply and demand under bilateral constraints

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dc.citation.firstpage395en_US
dc.citation.journalTitleTheoretical Economicsen_US
dc.citation.lastpage423en_US
dc.citation.volumeNumber7en_US
dc.contributor.authorBochet, Olivieren_US
dc.contributor.authorİlkılıç, Rahmien_US
dc.contributor.authorMoulin, Hervéen_US
dc.contributor.authorSethuraman, Jayen_US
dc.date.accessioned2013-05-16T20:53:16Zen_US
dc.date.available2013-05-16T20:53:16Zen_US
dc.date.issued2012en_US
dc.description.abstractIn a moneyless market, a nondisposable homogeneous commodity is reallocated between agents with single-peaked preferences. Agents are either suppliers or demanders. Transfers between a supplier and a demander are feasible only if they are linked. The links form an arbitrary bipartite graph. Typically, supply is short in one segment of the market, while demand is short in another. Our egalitarian transfer solution generalizes Sprumont’s (1991) and Klaus et al.’s (1998) uniformallocation rules. It rations only the long side in each market segment, equalizing the net transfers of rationed agents as much as permitted by the bilateral constraints. It elicits a truthful report of both preferences and links: removing a feasible link is never profitable to either one of its two agents. Together with efficiency and a version of equal treatment of equals, these properties are characteristic.en_US
dc.embargo.termsnoneen_US
dc.identifier.citationBochet, Olivier, İlkılıç, Rahmi, Moulin, Hervé, et al.. "Balancing supply and demand under bilateral constraints." <i>Theoretical Economics,</i> 7, (2012) The Econometric Society: 395-423. http://dx.doi.org/10.3982/TE893.en_US
dc.identifier.doihttp://dx.doi.org/10.3982/TE893en_US
dc.identifier.urihttps://hdl.handle.net/1911/71232en_US
dc.language.isoengen_US
dc.publisherThe Econometric Societyen_US
dc.rightsArticle is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.en_US
dc.subject.keywordbipartite graphen_US
dc.subject.keywordbilateral tradeen_US
dc.subject.keywordstrategy-proofnessen_US
dc.subject.keywordequal treatment of equalsen_US
dc.subject.keywordsingle-peaked preferencesen_US
dc.titleBalancing supply and demand under bilateral constraintsen_US
dc.typeJournal articleen_US
dc.type.dcmiTexten_US
dc.type.publicationpublisher versionen_US
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