Intertemporal Allocation of Indivisible and Durable Goods

University essay from Lunds universitet/Nationalekonomiska institutionen

Abstract: This paper presents a futures mechanism, as defined by Kurino (2009), allocating a set of indivisible and durable goods among a set of agents over multiple time periods. The mechanism is shown to satisfy individual rationality, Pareto efficiency and non-bossiness for allocation problems with or without endowments. The paper also shows that the mechanism does not satisfy strategy-proofness and presents the conditions under which the mechanism is manipulable.

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