Welfare theorems for random assignments with priorities
Schlegel, J. C. & Mamageishvili, A. (2017). Welfare theorems for random assignments with priorities. London, UK: .
Abstract
Motivated by the application of designing fair and efficient school choice lotteries, we consider constrained efficiency notions for random assignments under priorities. We provide a constrained (priority respecting) version of the ordinal efficiency welfare theorem for random assignments. Moreover, we show that a constrained version of a cardinal second welfare theorem fails to hold.
| Publication Type: | Monograph (Discussion Paper) |
|---|---|
| Additional Information: | Copyright 2017, the authors. |
| Publisher Keywords: | Matching; Random Assignments; Priority-based Allocation; Constrained Efficiency; Pseudo-Market |
| Departments: | School of Policy & Global Affairs > Economics > Discussion Paper Series |
| SWORD Depositor: |
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