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A Simple Characterization of Assignment Mechanisms on Set Constraints

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  • Ping Zhan

    (Edogawa University)

Abstract

We consider the problem of allocating divisible/indivisible goods to agents according to agents’ ordinal preferences. Hashimoto et al. [15] provided a nonalgorithmic and axiomatic characterization of well-studied probabilistic serial (PS) mechanism. Recently, Fujishige et al. [12] generalized the PS mechanism where goods are enlarged from a fixed set to a family of sets which is a polytope defined by a system of linear inequalities associated with submodular functions. The above extended PS (EPS) greatly improved the flexibility of allocations. Based on these two results, in this paper, we investigate the nonalgorithmic and axiomatic characterization of EPS. We show that the EPS rule is the only mechanism satisfying the ordinal fairness and a newly defined non-wastefulness. The submodularity plays a crucial role in our arguments.

Suggested Citation

  • Ping Zhan, 2023. "A Simple Characterization of Assignment Mechanisms on Set Constraints," SN Operations Research Forum, Springer, vol. 4(2), pages 1-15, June.
  • Handle: RePEc:spr:snopef:v:4:y:2023:i:2:d:10.1007_s43069-023-00195-7
    DOI: 10.1007/s43069-023-00195-7
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    References listed on IDEAS

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    1. Chatterji, Shurojit & Liu, Peng, 2020. "Random assignments of bundles," Journal of Mathematical Economics, Elsevier, vol. 87(C), pages 15-30.
    2. Heo, Eun Jeong, 2014. "Probabilistic assignment problem with multi-unit demands: A generalization of the serial rule and its characterization," Journal of Mathematical Economics, Elsevier, vol. 54(C), pages 40-47.
    3. Balbuzanov, Ivan, 2022. "Constrained random matching," Journal of Economic Theory, Elsevier, vol. 203(C).
    4. Eric Budish & Yeon-Koo Che & Fuhito Kojima & Paul Milgrom, 2013. "Designing Random Allocation Mechanisms: Theory and Applications," American Economic Review, American Economic Association, vol. 103(2), pages 585-623, April.
    5. Bogomolnaia, Anna, 2015. "Random assignment: Redefining the serial rule," Journal of Economic Theory, Elsevier, vol. 158(PA), pages 308-318.
    6. Bogomolnaia, Anna & Heo, Eun Jeong, 2012. "Probabilistic assignment of objects: Characterizing the serial rule," Journal of Economic Theory, Elsevier, vol. 147(5), pages 2072-2082.
    7. 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.
    8. Hashimoto, Tadashi & Hirata, Daisuke & Kesten, Onur & Kurino, Morimitsu & Unver, Utku, 2014. "Two axiomatic approaches to the probabilistic serial mechanism," Theoretical Economics, Econometric Society, vol. 9(1), January.
    9. Yoshio Sano & Ping Zhan, 2021. "Extended Random Assignment Mechanisms on a Family of Good Sets," SN Operations Research Forum, Springer, vol. 2(4), pages 1-30, December.
    10. Doğan, Battal & Doğan, Serhat & Yıldız, Kemal, 2018. "A new ex-ante efficiency criterion and implications for the probabilistic serial mechanism," Journal of Economic Theory, Elsevier, vol. 175(C), pages 178-200.
    11. Heo, Eun Jeong & Yılmaz, Özgür, 2015. "A characterization of the extended serial correspondence," Journal of Mathematical Economics, Elsevier, vol. 59(C), pages 102-110.
    12. Haris Aziz & Florian Brandl, 2020. "The Vigilant Eating Rule: A General Approach for Probabilistic Economic Design with Constraints," Papers 2008.08991, arXiv.org, revised Jul 2021.
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    Cited by:

    1. Ping Zhan, 2023. "Simultaneous eating algorithm and greedy algorithm in assignment problems," Journal of Combinatorial Optimization, Springer, vol. 45(5), pages 1-24, July.

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