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https://hdl.handle.net/10419/53374
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Athanassoglou, Stergios | en |
dc.date.accessioned | 2011-12-15T11:34:08Z | - |
dc.date.available | 2011-12-15T11:34:08Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | http://hdl.handle.net/10419/53374 | - |
dc.description.abstract | Consider a collection of m indivisible objects to be allocated to n agents, where m Ï n. Each agent falls in one of two distinct categories: either he (a) has a complete ordinal ranking over the set of individual objects, or (b) has a set of plausible benchmark von Neumann-Morgenstern (vNM) utility functions in whose non-negative span his true utility is known to lie. An allocation is undominated if there does not exist a preference-compatible profile of vNM utilities at which it is Pareto dominated by another feasible allocation. Given an undominated allocation, we use the tools of linear duality theory to construct a profile of vNM utilities at which it is ex-ante welfare maximizing. A finite set of preference-compatible vNM utility profiles is exhibited such that every undominated allocation is ex-ante welfare maximizing with respect to at least one of them. Given an arbitrary allocation, we provide an interpretation of the constructed vNM utilities as subgradients of a function which measures worst-case domination. | en |
dc.language.iso | eng | en |
dc.publisher | |aFondazione Eni Enrico Mattei (FEEM) |cMilano | en |
dc.relation.ispartofseries | |aNota di Lavoro |x11.2011 | en |
dc.subject.jel | C61 | en |
dc.subject.jel | D01 | en |
dc.subject.jel | D60 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Random Assignment | en |
dc.subject.keyword | Efficiency | en |
dc.subject.keyword | Duality | en |
dc.subject.keyword | Linear Programming | en |
dc.title | Efficient random assignment under a combination of ordinal and cardinal information on preferences | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 647193140 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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