Probabilistic assignments of identical indivisible objects and uniform probabilistic rules
- Cite this article as:
- Ehlers, L. & Klaus, B. Review Economic Design (2003) 8: 249. doi:10.1007/s10058-003-0101-3
We consider a probabilistic approach to the problem of assigning k indivisible identical objects to a set of agents with single-peaked preferences. Using the ordinal extension of preferences we characterize the class of uniform probabilistic rules by Pareto efficiency, strategy-proofness, and no-envy. We also show that in this characterization no-envy cannot be replaced by anonymity. When agents are strictly risk averse von Neumann-Morgenstern utility maximizer, then we reduce the problem of assigning k identical objects to a problem of allocating the amount k of an infinitely divisible commodity.