Welfare theorems for random assignments with priorities
Jan Christoph Schlegel and
Working Papers from Department of Economics, City University London
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.
Keywords: Matching; Random Assignments; Priority-based Allocation; Constrained Efficiency; Pseudo-Market (search for similar items in EconPapers)
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Journal Article: Welfare theorems for random assignments with priorities (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:cty:dpaper:17/05
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