Welfare theorems for random assignments with priorities

B-Tier
Journal: Games and Economic Behavior
Year: 2020
Volume: 124
Issue: C
Pages: 62-81

Authors (2)

Schlegel, Jan Christoph (Université de Lausanne) Mamageishvili, Akaki (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

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.

Technical Details

RePEc Handle
repec:eee:gamebe:v:124:y:2020:i:c:p:62-81
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29