Efficient lottery design:
There has been a surge of interest in stochastic assignment mechanisms which proved to be theoretically compelling thanks to their prominent welfare properties. Contrary to stochastic mechanisms, however, lottery mechanisms are commonly used for indivisible good allocation in real-life. To help faci...
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| Main Authors: | , , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Berlin
WZB
2015
|
| Series: | Discussion paper
|
| Online Access: | Volltext Volltext |
| Summary: | There has been a surge of interest in stochastic assignment mechanisms which proved to be theoretically compelling thanks to their prominent welfare properties. Contrary to stochastic mechanisms, however, lottery mechanisms are commonly used for indivisible good allocation in real-life. To help facilitate the design of practical lottery mechanisms, we provide new tools for obtaining stochastic improvements in lotteries. As applications, we propose lottery mechanisms that improve upon the widely-used random serial dictatorship mechanism and a lottery representation of its competitor, the probabilistic serial mechanism. The tools we provide here can be useful in developing welfare-enhanced new lottery mechanisms for practical applications such as school choice. |
| Physical Description: | 1 Online-Ressource (37 S.) |
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| 520 | 1 | |a There has been a surge of interest in stochastic assignment mechanisms which proved to be theoretically compelling thanks to their prominent welfare properties. Contrary to stochastic mechanisms, however, lottery mechanisms are commonly used for indivisible good allocation in real-life. To help facilitate the design of practical lottery mechanisms, we provide new tools for obtaining stochastic improvements in lotteries. As applications, we propose lottery mechanisms that improve upon the widely-used random serial dictatorship mechanism and a lottery representation of its competitor, the probabilistic serial mechanism. The tools we provide here can be useful in developing welfare-enhanced new lottery mechanisms for practical applications such as school choice. | |
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| 700 | 1 | |a Nesterov, Alexander |e Verfasser |4 aut | |
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| indexdate | 2024-07-10T01:20:15Z |
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| language | English |
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| spelling | Kesten, Onur Verfasser aut Efficient lottery design Onur Kesten ; Morimitsu Kurino ; Alexander Nesterov Berlin WZB 2015 1 Online-Ressource (37 S.) txt rdacontent c rdamedia cr rdacarrier Discussion paper There has been a surge of interest in stochastic assignment mechanisms which proved to be theoretically compelling thanks to their prominent welfare properties. Contrary to stochastic mechanisms, however, lottery mechanisms are commonly used for indivisible good allocation in real-life. To help facilitate the design of practical lottery mechanisms, we provide new tools for obtaining stochastic improvements in lotteries. As applications, we propose lottery mechanisms that improve upon the widely-used random serial dictatorship mechanism and a lottery representation of its competitor, the probabilistic serial mechanism. The tools we provide here can be useful in developing welfare-enhanced new lottery mechanisms for practical applications such as school choice. Kurino, Morimitsu Verfasser aut Nesterov, Alexander Verfasser aut http://bibliothek.wzb.eu/pdf/2015/ii15-203.pdf Verlag kostenfrei Volltext http://hdl.handle.net/10419/107132 Langzeitarchivierung kostenfrei Volltext |
| spellingShingle | Kesten, Onur Kurino, Morimitsu Nesterov, Alexander Efficient lottery design |
| title | Efficient lottery design |
| title_auth | Efficient lottery design |
| title_exact_search | Efficient lottery design |
| title_full | Efficient lottery design Onur Kesten ; Morimitsu Kurino ; Alexander Nesterov |
| title_fullStr | Efficient lottery design Onur Kesten ; Morimitsu Kurino ; Alexander Nesterov |
| title_full_unstemmed | Efficient lottery design Onur Kesten ; Morimitsu Kurino ; Alexander Nesterov |
| title_short | Efficient lottery design |
| title_sort | efficient lottery design |
| url | http://bibliothek.wzb.eu/pdf/2015/ii15-203.pdf http://hdl.handle.net/10419/107132 |
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