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Second-best incentive compatible allocation rules for multiple-type indivisible objects

Author

Listed:
  • Anno, Hidekazu
  • Kurino, Morimitsu

Abstract

We consider the problem of allocating several types of indivisible goods when preferences are separable and monetary transfers are not allowed. Our finding is that the coordinatewise application of strategy-proof and non-wasteful rules yields a strategy-proof rule with the following efficiency property: no strategy-proof rule Pareto-dominates the rule. Such rules are abundant as they include the coordinate-wise use of the two well-known priority-based rules of the top trading cycles (TTC) and the deferred acceptance (DA). Moreover, our result supports the current practice in Market Design that separately treats each type of market for its design.

Suggested Citation

  • Anno, Hidekazu & Kurino, Morimitsu, 2014. "Second-best incentive compatible allocation rules for multiple-type indivisible objects," Discussion Papers, Research Unit: Market Behavior SP II 2014-201, WZB Berlin Social Science Center.
    • Handle: RePEc:zbw:wzbmbh:spii2014201
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    Cited by:

    1. Hirata, Daisuke & Kasuya, Yusuke, 2017. "On stable and strategy-proof rules in matching markets with contracts," Journal of Economic Theory, Elsevier, vol. 168(C), pages 27-43.
    2. Kawasaki, Ryo, 2015. "Roth–Postlewaite stability and von Neumann–Morgenstern stability," Journal of Mathematical Economics, Elsevier, vol. 58(C), pages 1-6.

    More about this item

    Keywords

    strategy-proofness; second-best incentive compatibility; top trading cycles rules; deferred acceptance rules;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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