Metadata only
Date
2020-11Type
- Journal Article
Abstract
We introduce new notions of priority-constrained efficiency and provide priority-constrained versions of the ordinal efficiency welfare theorem for school choice lotteries. Moreover, we show that a priority-constrained version of a cardinal second welfare theorem fails to hold, but can be restored for a relaxed notion of equilibrium with priority-specific prices. © 2020 Elsevier Inc. Show more
Publication status
publishedExternal links
Journal / series
Games and Economic BehaviorVolume
Pages / Article No.
Publisher
ElsevierSubject
Matching; Random assignments; Priority-based allocation; Constrained efficiency; Pseudo-MarketMore
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