Fair allocation of resources in various domains. Bankrupt/taxation problems. Fair allocation of an infinitely divisible good when preferences are single-peaked. Fair allocation of indivisible goods and money. Fair allocation in exchange economies. Fair allocation in public good economies.
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Course Learning Outcomes: Course Learning Outcome Assessment • Have advanced level of knowledge on theory of fairness in various economic domains. Midterm Final Homework • Ability to model various situations involving allocation of goods. Midterm Final Homework • Ability to state various axioms for fairness and analyze the relation between them. Midterm Final Homework • Ability to state various allocation rules and characterize them based on axioms of fairness. Midterm Final Homework • Communica
Introduction to the theory of fairness and the axiomatic method. Bankruptcy problems. Bankruptcy problems. Bankruptcy problems. 1st Midterm. Allocation of an infinity divisible good when p