Welfare theorems for random assignments with priorities
dc.contributor.author
Schlegel, Jan Christoph
dc.contributor.author
Mamageishvili, Akaki
dc.date.accessioned
2020-09-10T12:52:31Z
dc.date.available
2020-09-04T20:19:25Z
dc.date.available
2020-09-10T12:52:31Z
dc.date.issued
2020-11
dc.identifier.issn
0899-8256
dc.identifier.other
10.1016/j.geb.2020.08.009
en_US
dc.identifier.uri
http://hdl.handle.net/20.500.11850/438642
dc.description.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.
en_US
dc.language.iso
en
en_US
dc.publisher
Elsevier
en_US
dc.subject
Matching
en_US
dc.subject
Random assignments
en_US
dc.subject
Priority-based allocation
en_US
dc.subject
Constrained efficiency
en_US
dc.subject
Pseudo-Market
en_US
dc.title
Welfare theorems for random assignments with priorities
en_US
dc.type
Journal Article
dc.date.published
2020-08-21
ethz.journal.title
Games and Economic Behavior
ethz.journal.volume
124
en_US
ethz.journal.abbreviated
Games econ. behav.
ethz.pages.start
62
en_US
ethz.pages.end
81
en_US
ethz.identifier.wos
ethz.identifier.scopus
ethz.publication.place
Amsterdam
en_US
ethz.publication.status
published
en_US
ethz.date.deposited
2020-09-04T20:19:38Z
ethz.source
SCOPUS
ethz.eth
yes
en_US
ethz.availability
Metadata only
en_US
ethz.rosetta.installDate
2020-09-10T12:52:42Z
ethz.rosetta.lastUpdated
2021-02-15T17:08:51Z
ethz.rosetta.versionExported
true
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Journal Article [120689]