Probabilistic assignment of objects: Characterizing the serial rule
AbstractWe study the problem of assigning a set of objects to a set of agents, when each agent receives one object and has strict preferences over the objects. In the absence of monetary transfers, we focus on the probabilistic rules, which take the ordinal preferences as input. We characterize the serial rule, proposed by Bogomolnaia and Moulin (2001) : it is the only rule satisfying sd efficiency, sd no-envy, and bounded invariance. A special representation of feasible assignment matrices by means of consumption processes is the key to the simple and intuitive proof of our main result.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Theory.
Volume (Year): 147 (2012)
Issue (Month): 5 ()
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Web page: http://www.elsevier.com/locate/inca/622869
Probabilistic assignment; Serial rule; Sd efficiency; Sd no-envy; Bounded invariance; Consumption process;
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- Hougaard, Jens Leth & Moreno-Ternero, Juan D. & Østerdal, Lars Peter, 2012.
"Assigning agents to a line,"
Discussion Papers of Business and Economics
11/2012, Department of Business and Economics, University of Southern Denmark.
- HOUGAARD, Jens L. & moreno-ternero, JUAN D. & OSTERDAL, Lars P., 2013. "Assigning agents to a line," CORE Discussion Papers 2013015, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Jens L. Hougaard & Juan D. Moreno-Ternero & Lars P. Osterdal, 2014. "Assigning agents to a line," Working Papers 14.01, Universidad Pablo de Olavide, Department of Economics.
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