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Axiomatic characterizations of the constrained probabilistic serial mechanism

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submitted on 2024-01-15, 06:19 and posted on 2024-01-16, 09:35 authored by Mustafa Oğuz Afacan

Afacan (Games and Economic Behavior 110: 71-89, 2018) introduces an object allocation with random priorities problem. He proposes the constrained probabilistic serial (CPS) mechanism. This study, for the first time in the literature, provides axiomatic characterizations of CPS. The first result characterizes it via non-wastefulness, claimwise stability, constrained ordinal fairness, and surplus invariance to truncations. The other axiomatizes CPS via constrained stochastic efficiency, claimwise stability, and constrained ordinal fairness. The independence of the axioms is provided.

Other Information

Published in: Theory and Decision
License: https://creativecommons.org/licenses/by/4.0
See article on publisher's website: https://dx.doi.org/10.1007/s11238-023-09925-z

Funding

Open Access funding provided by the Qatar National Library.

History

Language

  • English

Publisher

Springer Nature

Publication Year

  • 2023

License statement

This Item is licensed under the Creative Commons Attribution 4.0 International License.

Institution affiliated with

  • Qatar University
  • College of Business and Economics - QU