A Pseudo-Market Approach to Allocation with Priorities

B-Tier
Journal: American Economic Journal: Microeconomics
Year: 2018
Volume: 10
Issue: 3
Pages: 272-314

Authors (4)

Yinghua He Antonio Miralles (not in RePEc) Marek Pycia (Universität Zürich) Jianye Yan (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:aea:aejmic:v:10:y:2018:i:3:p:272-314
Journal Field
General
Author Count
4
Added to Database
2026-01-29