nep-des New Economics Papers
on Economic Design
Issue of 2018‒10‒08
three papers chosen by
Guillaume Haeringer, Baruch College and Alex Teytelboym, University of Oxford

  1. Random Assignment of Bundles By Chatterji, Shurojit; Liu, Peng
  2. Implementing Reverse Auctions with Screening Criteria to Provide Ecosystem Services By Chakrabarti, Anwesha; Liu, Pengfei; Swallow, Stephen K.
  3. Cost Effectiveness of Conservation Auctions Revisited: The Benefits of Information Rents By Wallander, Steven; Hellerstein, Daniel M.; Johnsen, Reid

  1. By: Chatterji, Shurojit (School of Economics, Singapore Management University); Liu, Peng (School of Economics, Singapore Management University)
    Abstract: We study the random assignments of bundles with no free disposal. The key difference between the setting with bundles and the setting with objects (see Bogomolnaia and Moulin (2001)) is one of feasibility. The implications of this difference are significant. First, the characterization of sd-efficient random assignments is fundamentally different. Second, a possibility result in the setting with objects fails in the setting with bundles. However, in the setting with bundles, we are able to identify a preference restriction, called essential monotonicity, under which the random serial dictatorship rule (extended to the setting with bundles) is equivalent to the probabilistic serial rule (extended to the setting with bundles). This equivalence implies the existence of a rule on this restricted domain satisfying sdefficiency, sd-strategy-proofness, and equal treatment of equals. Moreover, this rule selects only random assignments which can be decomposed as convex combinations of deterministic assignments.
    Keywords: Random assignments; bundles; decomposability; sd efficiency; sd-strategyproofness; equal treatment of equals
    JEL: C78 D71
    Date: 2018–09–12
  2. By: Chakrabarti, Anwesha; Liu, Pengfei; Swallow, Stephen K.
    Keywords: Experimental Economics, Behavioral & Institutional Economics, Rural/Community Development
    Date: 2018–06–20
  3. By: Wallander, Steven; Hellerstein, Daniel M.; Johnsen, Reid
    Keywords: Resource and Environmental Policy Analysis, Natural Resource Economics, Food and Agricultural Policy Analysis
    Date: 2018–06–20

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