Social choice with transfers
Theoretical Economics
2025-12-19 v6
Abstract
We consider the problem of social choice when transfers between agents are possible. This includes several canonical applications: public-good provision, management of a common resource, settlement of debts, and division of goods. The question of interest is, given a set of possible alternatives, which should be chosen and what transfers, if any, should be made? We show that the Shapley value of the stand-alone game is the only solution to satisfy certain desirable properties.
Cite
@article{arxiv.2502.00308,
title = {Social choice with transfers},
author = {Gregorio Curello and Sam Jindani},
journal= {arXiv preprint arXiv:2502.00308},
year = {2025}
}