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What is Allocation Mechanisms in Decentralized about?

This paper explores allocation mechanisms in decentralized exchange markets, emphasizing the impact of frictional costs associated with transfers between agents. It argues that these costs lead to a form of subadditivity in the cost of transferring endowments, and proposes an axiomatic framework for studying allocation mechanisms that account for these costs. The authors introduce Robust Conditional Mean Allocation mechanisms and provide examples of their practical applications in decentralized risk sharing

Author

Nyasha Shawn Gatsi

Language

EN