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We study priority-based matching markets with public and private endowments. We show that efficiency-adjusted deferred acceptance (EADA) is justified-envy minimal in the class of efficient mechanisms, while Top trading cycles (TTC) and other popular mechanisms are not. Our findings highlight...
Persistent link: https://www.econbiz.de/10012846503
do better in predicting individual poverty when disaggregated data on allocation within households are not available …
Persistent link: https://www.econbiz.de/10012650401
This paper investigates fair (i.e., envy free and efficient) allocations in an overlapping generations economy without production and with two - period lived agents. We show that there exists a conflict between no-envy and efficiency when all generations have identical preferences. This conflict...
Persistent link: https://www.econbiz.de/10012938330
this paper, I develop a theory of transparency in allocation problems; namely, I measure the transparency of a mechanism by …In centralized allocation problems participants have incomplete information about each others’ types. Hence, the … designer may deviate from the announced allocation mechanism without the participants being able to detect these deviations. In …
Persistent link: https://www.econbiz.de/10013290650
We introduce a new notion of ex-post efficiency for random assignment problems, namely ex-post rank efficiency that gives a maximal number of agents their favored objects. An ex-post rank efficient random assignment is a lottery over rank efficient deterministic assignments, in the sense of...
Persistent link: https://www.econbiz.de/10013307297
We introduce (strict) favoring upper ranks, which is an extension of favoring higher ranks for random assignments. We demonstrate that ex-post favoring ranks implies (strict) favoring upper ranks, and envy-freeness implies favoring upper ranks. Moreover, for at least four agents, no mechanism...
Persistent link: https://www.econbiz.de/10013307298
this question in the context of vaccine allocation in a polarized economy facing a pandemic. In such an economy … to generate an inclusive and popular vaccine allocation is greater than the one necessary to obtain an allocation that is … implement an inclusive and popular vaccine allocation. Under such a rule, the composition of any group endowed with the veto …
Persistent link: https://www.econbiz.de/10013308785
). Distributive justice criteria are studied through different ways of distributing scarce resources, and we analyse whether the … population's response patterns are conditioned by specific features of the economic context. We find that proportional allocation … is generally considered the fairest way of distributing resources. However, the principle of proportionality is abandoned …
Persistent link: https://www.econbiz.de/10013459967
We study the problem of assigning indivisible objects to agents where each is to receive one object. To ensure fairness in the absence of monetary compensation, we consider random assignments. Random Priority, also known as Random Serial Dictatorship, is characterized by symmetry, ex-post...
Persistent link: https://www.econbiz.de/10014515735
We study the random assignment of indivisible objects among a set of agents with strict preferences. Random Serial Dictatorship is known to be only ex-post efficient and there exist mechanisms which Pareto-dominate it ex ante. However, we show that there is no mechanism that is likewise (i)...
Persistent link: https://www.econbiz.de/10014279888