Allocating via Priorities
AbstractWe design a mechanism to allocate indivisible objects that combines procedural and distributive fairness. It associates each allocation problem a family of priorities to be used when determining how agents and objects should be matched. The selection of specific priorities, correlated with agents' preferences, guarantees the (ex-ante) equity of the outcome. The analysis of our mechanism, both from the efficiency and the strategic perspectives, enables us to connect the recent literature on random assignment (Bogomolnaia and Moulin, 2001) and the traditional analysis of matching mechanisms (Gale and Shapley, 1962).
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Universidad de Alicante, Departamento de Métodos Cuantitativos y Teoría Económica in its series QM&ET Working Papers with number 13-3.
Length: 39 pages
Date of creation: 11 Jul 2013
Date of revision:
Contact details of provider:
Postal: Campus San Vicente del Raspeig, Apdo. Correos 99 E-03080 Alicante
Phone: +34 965 90 36 70
Fax: +34 965 90 97 89
Web page: http://dmcte.ua.es/
More information through EDIRC
Correlated Priorities; Random Assignment; Serial Rule; Matching Markets;
Find related papers by JEL classification:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-20 (All new papers)
- NEP-GTH-2013-07-20 (Game Theory)
- NEP-MIC-2013-07-20 (Microeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Onur Kesten, 2010. "School Choice with Consent," The Quarterly Journal of Economics, MIT Press, vol. 125(3), pages 1297-1348, August.
- Atila Abdulkadiroglu & Tayfun Smez, 2003.
"School Choice: A Mechanism Design Approach,"
0203-18, Columbia University, Department of Economics.
- Balinski, Michel & Sonmez, Tayfun, 1999. "A Tale of Two Mechanisms: Student Placement," Journal of Economic Theory, Elsevier, vol. 84(1), pages 73-94, January.
- YIlmaz, Özgür, 2009. "Random assignment under weak preferences," Games and Economic Behavior, Elsevier, vol. 66(1), pages 546-558, May.
- Ünver, M. Utku & Kesten, Onur & Kurino, Morimitsu & Hashimoto, Tadashi & Hirata, Daisuke, 0. "Two axiomatic approaches to the probabilistic serial mechanism," Theoretical Economics, Econometric Society.
- José Alcalde Pérez & Antonio Romero-Medina, 2011.
"Fair School Placement,"
Working Papers. Serie AD
2011-22, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Alcalde, Jose & Romero-Medina, Antonio, 2011. "On Stability and Efficiency in School Choice Problems," MPRA Paper 28831, University Library of Munich, Germany.
- Alcalde, Jose & Romero-Medina, Antonio, 2011. "Re-Reforming the Bostonian System: A Novel Approach to the Schooling Problem," MPRA Paper 28206, University Library of Munich, Germany.
- Alcalde, José & Romero-Medina, Antonio, 2011. "Fair School Placement," QM&ET Working Papers 11-1, Universidad de Alicante, Departamento de Métodos Cuantitativos y Teoría Económica.
- Haluk I. Ergin, 2002. "Efficient Resource Allocation on the Basis of Priorities," Econometrica, Econometric Society, vol. 70(6), pages 2489-2497, November.
- Abdulkadiroglu, Atila & Sonmez, Tayfun, 2003. "Ordinal efficiency and dominated sets of assignments," Journal of Economic Theory, Elsevier, vol. 112(1), pages 157-172, September.
- Katta, Akshay-Kumar & Sethuraman, Jay, 2006. "A solution to the random assignment problem on the full preference domain," Journal of Economic Theory, Elsevier, vol. 131(1), pages 231-250, November.
- Hylland, Aanund & Zeckhauser, Richard, 1979. "The Efficient Allocation of Individuals to Positions," Journal of Political Economy, University of Chicago Press, vol. 87(2), pages 293-314, April.
- YIlmaz, Özgür, 2010. "The probabilistic serial mechanism with private endowments," Games and Economic Behavior, Elsevier, vol. 69(2), pages 475-491, July.
- Bogomolnaia, Anna & Moulin, Herve, 2001. "A New Solution to the Random Assignment Problem," Journal of Economic Theory, Elsevier, vol. 100(2), pages 295-328, October.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Julio Carmona).
If references are entirely missing, you can add them using this form.