A characterization of the Vickery rule in slot allocation problems

Yu Zhou, Youngsub Chun, Shigehiro Serizawa

We study the slot allocation problem where agents have quasi-linear single-peaked preferences over slots and identify the rules satisfying efficiency, strategy-proofness, and individual rationality. Since the quasi-linear single-peaked domain is not connected, the famous characterization of the Vickrey rule in terms of the three properties in Holmström (1979) cannot be applied. However, we are able to establish that on the quasi-linear single-peaked domain, the Vickrey rule is still the only rule satisfying efficiency, strategy-proofness, and individual rationality.

MoreLess

Alternative title:	A characterization of the Vickrey rule in slot allocation problems
Year of publication:	March 2021
Authors:	Zhou, Yu ; Chun, Youngsub ; Serizawa, Shigehiro
Publisher:	Osaka, Japan : The Institute of Social and Economic Research, Osaka University
Subject:	Slot allocation problem \| single-peakedness \| efficiency \| strategy-proofness \| individual rationality \| Vickrey rule \| Allokation \| Allocation \| Linienverkehr \| Scheduled transport \| Theorie \| Theory \| Allokationseffizienz \| Allocative efficiency \| Neue politische Ökonomie \| Public choice \| Flughafen \| Airport \| Kapazitätsauslastung \| Capacity utilization \| Rationalität \| Rationality