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| Content Provider | Springer Nature Link |
|---|---|
| Author | Miralles, Antonio |
| Copyright Year | 2017 |
| Abstract | We study random assignment economies with expected-utility agents, each of them eventually obtaining a single object. We focus attention on assignment problems that must respect object-invariant (or uniform) weak priorities such as seniority rights in student residence assignment. We propose the sequential pseudomarket mechanism: the set of agents is partitioned into ordered priority groups that are called in turns to participate in a pseudomarket for the remaining objects. SP is characterized by the concept of consistent weak ex-ante efficiency (CWEE), that is, weak ex-ante efficiency complemented by consistency to economy reduction. Moreover, it is shown that CWEE generically implies ex-ante efficiency. |
| Starting Page | 33 |
| Ending Page | 48 |
| Page Count | 16 |
| File Format | |
| ISSN | 14344742 |
| Journal | Review of Economic Design |
| Volume Number | 21 |
| Issue Number | 1 |
| e-ISSN | 14344750 |
| Language | English |
| Publisher | Springer Berlin Heidelberg |
| Publisher Date | 2017-01-05 |
| Publisher Place | Berlin, Heidelberg |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Random assignment Ex-ante efficiency Consistency Sequential pseudomarket Economics Economic Theory/Quantitative Economics/Mathematical Methods Game Theory, Economics, Social and Behav. Sciences Microeconomics Behavioral/Experimental Economics |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics, Econometrics and Finance |
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