Efficient assignment respecting priorities

成果类型:
Article
署名作者:
Ehlers, Lars; Erdil, Aytek
署名单位:
University of Oxford; Universite de Montreal
刊物名称:
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN:
0022-0531
DOI:
10.1016/j.jet.2010.02.007
发表日期:
2010
页码:
1269-1282
关键词:
assignment priorities EFFICIENCY Consistency
摘要:
A widespread practice in assignment of heterogeneous indivisible objects is to prioritize some recipients over others depending on the type of the object. Leading examples include assignment of public school seats, and allocation of houses, courses, or offices. Each object comes with a coarse priority ranking over recipients. Respecting such priorities constrains the set of feasible assignments, and therefore might lead to inefficiency, highlighting a tension between respecting priorities and Pareto efficiency. Via an easily verifiable criterion, we fully characterize priority structures under which the constrained efficient assignments do not suffer from such welfare loss, and the constrained efficient rule (CER) is indeed efficient. We also identify the priority structures for which the CER is singleton-valued and group strategy-proof. (C) 2010 Elsevier Inc. All rights reserved.
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