Ex-ante efficiency in assignments with seniority rights

Antonio Miralles

doi:10.1007/s10058-016-0196-y

Ex-ante efficiency in assignments with seniority rights

Antonio Miralles

Research output: Contribution to journal › Article › Research › peer-review

2 Citations (Scopus)

Abstract

© 2017, Springer-Verlag Berlin Heidelberg. We study random assignment economies with expected-utility agents, each of them eventually obtaining a single object. We focus attention on assignment problems that must respect object-invariant (or uniform) weak priorities such as seniority rights in student residence assignment. We propose the sequential pseudomarket mechanism: the set of agents is partitioned into ordered priority groups that are called in turns to participate in a pseudomarket for the remaining objects. SP is characterized by the concept of consistent weak ex-ante efficiency (CWEE), that is, weak ex-ante efficiency complemented by consistency to economy reduction. Moreover, it is shown that CWEE generically implies ex-ante efficiency.

Original language	English
Pages (from-to)	33-48
Journal	Review of Economic Design
Volume	21
Issue number	1
DOIs	https://doi.org/10.1007/s10058-016-0196-y
Publication status	Published - 1 Mar 2017

Keywords

Consistency
Ex-ante efficiency
Random assignment
Sequential pseudomarket

Access to Document

10.1007/s10058-016-0196-y

Cite this

@article{23335e29c1534d119e96774d24c77f94,

title = "Ex-ante efficiency in assignments with seniority rights",

abstract = "{\textcopyright} 2017, Springer-Verlag Berlin Heidelberg. We study random assignment economies with expected-utility agents, each of them eventually obtaining a single object. We focus attention on assignment problems that must respect object-invariant (or uniform) weak priorities such as seniority rights in student residence assignment. We propose the sequential pseudomarket mechanism: the set of agents is partitioned into ordered priority groups that are called in turns to participate in a pseudomarket for the remaining objects. SP is characterized by the concept of consistent weak ex-ante efficiency (CWEE), that is, weak ex-ante efficiency complemented by consistency to economy reduction. Moreover, it is shown that CWEE generically implies ex-ante efficiency.",

keywords = "Consistency, Ex-ante efficiency, Random assignment, Sequential pseudomarket",

author = "Antonio Miralles",

year = "2017",

month = mar,

day = "1",

doi = "10.1007/s10058-016-0196-y",

language = "English",

volume = "21",

pages = "33--48",

number = "1",

}

TY - JOUR

T1 - Ex-ante efficiency in assignments with seniority rights

AU - Miralles, Antonio

PY - 2017/3/1

Y1 - 2017/3/1

N2 - © 2017, Springer-Verlag Berlin Heidelberg. We study random assignment economies with expected-utility agents, each of them eventually obtaining a single object. We focus attention on assignment problems that must respect object-invariant (or uniform) weak priorities such as seniority rights in student residence assignment. We propose the sequential pseudomarket mechanism: the set of agents is partitioned into ordered priority groups that are called in turns to participate in a pseudomarket for the remaining objects. SP is characterized by the concept of consistent weak ex-ante efficiency (CWEE), that is, weak ex-ante efficiency complemented by consistency to economy reduction. Moreover, it is shown that CWEE generically implies ex-ante efficiency.

AB - © 2017, Springer-Verlag Berlin Heidelberg. We study random assignment economies with expected-utility agents, each of them eventually obtaining a single object. We focus attention on assignment problems that must respect object-invariant (or uniform) weak priorities such as seniority rights in student residence assignment. We propose the sequential pseudomarket mechanism: the set of agents is partitioned into ordered priority groups that are called in turns to participate in a pseudomarket for the remaining objects. SP is characterized by the concept of consistent weak ex-ante efficiency (CWEE), that is, weak ex-ante efficiency complemented by consistency to economy reduction. Moreover, it is shown that CWEE generically implies ex-ante efficiency.

KW - Consistency

KW - Ex-ante efficiency

KW - Random assignment

KW - Sequential pseudomarket

U2 - 10.1007/s10058-016-0196-y

DO - 10.1007/s10058-016-0196-y

M3 - Article

VL - 21

SP - 33

EP - 48

IS - 1

ER -

Ex-ante efficiency in assignments with seniority rights

Abstract

Keywords

Access to Document

Fingerprint

Cite this