A Pseudo-Market Approach to Allocation with Priorities
| dc.citation.firstpage | 272 | en_US |
| dc.citation.issueNumber | 3 | en_US |
| dc.citation.journalTitle | American Economic Journal: Microeconomics | en_US |
| dc.citation.lastpage | 314 | en_US |
| dc.citation.volumeNumber | 10 | en_US |
| dc.contributor.author | He, Yinghua | en_US |
| dc.contributor.author | Miralles, Antonio | en_US |
| dc.contributor.author | Pycia, Marek | en_US |
| dc.contributor.author | Yan, Jianye | en_US |
| dc.date.accessioned | 2018-11-19T16:38:36Z | en_US |
| dc.date.available | 2018-11-19T16:38:36Z | en_US |
| dc.date.issued | 2018 | en_US |
| dc.description.abstract | We propose a pseudo-market mechanism for no-monetary-transfer allocation of indivisible objects based on priorities such as those in school choice. Agents are given token money, face priority-specific prices, and buy utility-maximizing random assignments. The mechanism is asymptotically incentive compatible, and the resulting assignments are fair and constrained Pareto efficient. Aanund Hylland & Richard Zeckhauser (1979)'s position-allocation problem is a special case of our framework, and our results on incentives and fairness are also new in their classical setting. | en_US |
| dc.identifier.citation | He, Yinghua, Miralles, Antonio, Pycia, Marek, et al.. "A Pseudo-Market Approach to Allocation with Priorities." <i>American Economic Journal: Microeconomics,</i> 10, no. 3 (2018) American Economic Association: 272-314. https://doi.org/10.1257/mic.20150259. | en_US |
| dc.identifier.doi | https://doi.org/10.1257/mic.20150259 | en_US |
| dc.identifier.uri | https://hdl.handle.net/1911/103354 | en_US |
| dc.language.iso | eng | en_US |
| dc.publisher | American Economic Association | en_US |
| dc.rights | Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. | en_US |
| dc.title | A Pseudo-Market Approach to Allocation with Priorities | en_US |
| dc.type | Journal article | en_US |
| dc.type.dcmi | Text | en_US |
| dc.type.publication | publisher version | en_US |
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