Fair and Efficient Assignment via the Probabilistic Serial Mechanism
This paper studies the problem of assigning a set of indivisible objects to a set of agents when monetary transfers are not allowed. We offer two characterizations of the prominent lottery assignment mechanism called the probabilistic serial. We show that it is the only mechanism satisfying non-wastefulness and ordinal fairness. Our second result shows that a direct ordinal mechanism satisfies ordinal efficiency, envy-freeness, and upper invariance if and only if it is the probabilistic serial.
|Date of creation:||27 Jul 2010|
|Date of revision:||30 May 2011|
|Note:||previously circulated as "The Probabilistic Serial Assignment Mechanism"|
|Contact details of provider:|| Postal: |
Web page: http://fmwww.bc.edu/EC/
More information through EDIRC
References listed on IDEAS
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.:
- Atila Abdulkadiroglu & Tayfun Sönmez, 2003.
"School Choice: A Mechanism Design Approach,"
American Economic Review,
American Economic Association, vol. 93(3), pages 729-747, June.
- Alvin E. Roth & Tayfun Sonmez & M. Utku Unver, 2004.
"Pairwise Kidney Exchange,"
122247000000000350, UCLA Department of Economics.
- Alvin E. Roth & Tayfun Sönmez & M. Utku Ünver, 2004. "Pairwise Kidney Exchange," Boston College Working Papers in Economics 620, Boston College Department of Economics.
- Alvin E. Roth & Tayfun Sönmez & M. Utku Ünver, 2004. "Pairwise Kidney Exchange," Game Theory and Information 0408001, EconWPA, revised 16 Feb 2005.
- Alvin E. Roth & Tayfun Sonmez & M. Utku Unver, 2004. "Pairwise Kidney Exchange," NBER Working Papers 10698, National Bureau of Economic Research, Inc.
- Tayfun Sonmez & M. Utku Unver, 2003.
"Course Bidding at Business Schools,"
Game Theory and Information
0306001, EconWPA, revised 02 Jan 2004.
- Tayfun Sönmez & M. Utku Ünver, 2005. "Course Bidding at Business Schools," Boston College Working Papers in Economics 618, Boston College Department of Economics.
- M.Utku Unver, 2003. "Course Bidding at Business Schools," Working Papers 257, University of Pittsburgh, Department of Economics, revised Jan 2003.
- Abdulkadiroglu, Atila & Sonmez, Tayfun, 1999. "House Allocation with Existing Tenants," Journal of Economic Theory, Elsevier, vol. 88(2), pages 233-260, October.
When requesting a correction, please mention this item's handle: RePEc:boc:bocoec:742. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F Baum)
If references are entirely missing, you can add them using this form.