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He, Yinghua
, Miralles, Antonio, Pycia, Marek and Yan, Jianye
(2018)
A Pseudo-Market Approach to Allocation with Priorities.
American Economic Journal: Microeconomics, 10 (3).
pp. 272-314.
(In Press)
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Abstract
We propose a pseudo-market mechanism for no-monetary-transfer allocation of indivisible objects based on priorities such as those in school choice. Agents are given token money, face priority-specific prices, and buy utility-maximizing random assignments. The mechanism is asymptotically incentive compatible, and the resulting assignments are fair and constrained Pareto efficient. Hylland and Zeckhauser's (1979) position-allocation problem is a special case of our framework, and our results on incentives and fairness are also new in their classical setting.
| Item Type: | Article |
|---|---|
| Language: | English |
| Date: | August 2018 |
| Refereed: | Yes |
| Uncontrolled Keywords: | Priority-based allocation, Efficiency, Stability, Incentive Compatibility, Pseudo-Market Approach |
| JEL Classification: | C78 - Bargaining Theory; Matching Theory D82 - Asymmetric and Private Information I29 - Other |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Site: | UT1 |
| Date Deposited: | 13 Apr 2018 09:14 |
| Last Modified: | 27 Oct 2021 13:37 |
| OAI Identifier: | oai:tse-fr.eu:32109 |
| URI: | https://publications.ut-capitole.fr/id/eprint/25711 |
Available Versions of this Item
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A Pseudo-Market Approach to Allocation with Priorities. (deposited 05 Nov 2015 15:10)
- A Pseudo-Market Approach to Allocation with Priorities. (deposited 13 Apr 2018 09:14) [Currently Displayed]
