Browsing by Author "Pirozhenko, Yakym"
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Item Essays on Pseudomarkets(2022-04-22) Pirozhenko, Yakym; Fox, JeremyThis dissertation studies the problem of assigning indivisible items to agents without monetary transfers. Pseudomarket mechanisms are proposed for both static and dynamic assignment problems. In a static setting, a new algorithm for computing pseudomarket equilibria is described. Using data from the school choice program in Seattle, the pseudomarket mechanism is compared to the Probabilistic Serial mechanism. In a dynamic setting, the pseudomarket model is extended to incorporate a continuum of agents and stochastic individual states. Conditions for equilibrium efficiency are established.