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Serial dictatorship mechanisms with reservation prices: heterogeneous objects

We adapt a set of mechanisms introduced by Klaus and Nichifor (Econ Theory 70:665–684, 2020), serial dictatorship mechanisms with (individual) reservation prices, to the allocation of heterogeneous indivisible objects, e.g., specialist clinic appointments. We show how the characterization of serial...

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Detalles Bibliográficos
Autores principales: Klaus, Bettina, Nichifor, Alexandru
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8550163/
https://www.ncbi.nlm.nih.gov/pubmed/34720286
http://dx.doi.org/10.1007/s00355-020-01303-w
Descripción
Sumario:We adapt a set of mechanisms introduced by Klaus and Nichifor (Econ Theory 70:665–684, 2020), serial dictatorship mechanisms with (individual) reservation prices, to the allocation of heterogeneous indivisible objects, e.g., specialist clinic appointments. We show how the characterization of serial dictatorship mechanisms with reservation prices for homogeneous indivisible objects (Klaus and Nichifor 2020, Theorem 1) can be adapted to the allocation of heterogeneous indivisible objects by adding neutrality: mechanism [Formula: see text] satisfies minimal tradability, individual rationality, strategy-proofness, consistency, independence of unallocated objects, neutrality, and non wasteful tie-breaking if and only if there exists a reservation price vector r and a priority ordering [Formula: see text] such that [Formula: see text] is a serial dictatorship mechanism with reservation prices based on r and [Formula: see text] .