Equivalence of efficiency notions for ordinal assignment problems

C-Tier
Journal: Economics Letters
Year: 2016
Volume: 146
Issue: C
Pages: 8-12

Score contribution per author:

0.505 = (α=2.02 / 2 authors) × 0.5x C-tier

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

Abstract

In ordinal (probabilistic) assignment problems, each agent reports his preference rankings over objects and receives a lottery defined over those objects. A common efficiency notion, sd-efficiency, is obtained by extending the preference rankings to preferences over lotteries by means of (first-order) stochastic dominance. Two alternative efficiency notions, which we call dl- and ul-efficiency, are based on downward and upward lexicographic dominance, respectively. We show that sd-, dl-, and ul-efficiency are all equivalent. Noting that the three efficiency notions are a refinement of ex post efficiency—another well-known efficiency notion—we also identify sufficient and necessary conditions on preference profiles under which ex post efficiency is equivalent to the three notions.

Technical Details

RePEc Handle
repec:eee:ecolet:v:146:y:2016:i:c:p:8-12
Journal Field
General
Author Count
2
Added to Database
2026-01-25