A characterization of the Vickery rule in slot allocation problems

Yu Zhou, Youngsub Chun and Shigehiro Serizawa

ISER Discussion Paper from Institute of Social and Economic Research, The University of Osaka

Abstract: We study the slot allocation problem where agents have quasi-linear single-peaked preferences over slots and identify the rules satisfying efficiency, strategy-proofness, and individual rationality. Since the quasi-linear single-peaked domain is not connected, the famous characterization of the Vickrey rule in terms of the three properties in Holmstrom (1979) cannot be applied. However, we are able to establish that on the quasi-linear single-peaked domain, the Vickrey rule is still the only rule satisfying efficiency, strategy-proofness, and individual rationality.

Date: 2021-03
New Economics Papers: this item is included in nep-des
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Journal Article: A characterization of the Vickrey rule in slot allocation problems (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:dpr:wpaper:1120

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