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Competitive Division of a Mixed Manna
2017
Social Science Research Network
A mixed manna contains goods (that everyone likes) and bads (that everyone dislikes), as well as items that are goods to some agents, but bads or satiated to others. If all items are goods and utility functions are homogeneous of degree 1 and concave (and monotone), the competitive division maximizes the Nash product of utilities (Gale-Eisenberg): hence it is welfarist (determined by the set of feasible utility profiles), unique, continuous, and easy to compute. We show that the competitive
doi:10.2139/ssrn.2914241
fatcat:vifflsuzyrefpjnnccitqndeli