Browsing by Subject "Fairness"
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A mechanism design approach to allocating central government funds among regional development agencies Authors:
Publisher and Date:(Springer, 2014)To allocate central government funds among regional development agencies we look for mechanisms that satisfy three important criteria: efficiency (individual and coalitional) strategy proofness (a.k.a. dominant strategy incentive compatibility) and fairness. We show that only a uniform mechanism satisfies all three. We also show that all efficient and strategy proof mechanisms must function by assigning budget sets to the agencies and letting them freely choose their optimal bundle. In choosing ...