Efficient allocation with ordinal preference intensities
Georgios Gerasimou
Papers from arXiv.org
Abstract:
Standard ordinal allocation methods ignore how strongly agents value different improvements, while cardinal methods require additional assumptions that are often considered too demanding. This paper studies assignment problems in the middle ground environment of *ordinal preference intensities* where agents can rank alternatives as well as preference improvements. The two criteria it proposes--*intensity-efficient* and *intensity-positional* allocations--use this combined information to refine Pareto efficiency via a novel dominance concept and a generalization of Borda-style scoring, respectively.These criteria point in new directions where stronger welfare gains are possible without cardinal utility or monetary transfers assumptions.
Date: 2020-11, Revised 2026-04
New Economics Papers: this item is included in nep-mic and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2011.04306
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