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Matching with Stochastic Arrival

Author

Listed:
  • Neil Thakral

Abstract

This paper examines efficiency and fairness properties in a dynamic allocation problem. The model applies to situations in which objects of different types arrive stochastically over time and must be assigned to agents in a queue, such as the allocation of public housing units. The main result demonstrates the impossibility of designing an allocation mechanism in an environment with stochastic arrival that can guarantee resulting assignments that are efficient or fair ex post.

Suggested Citation

  • Neil Thakral, 2019. "Matching with Stochastic Arrival," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 209-212, May.
    • Handle: RePEc:aea:apandp:v:109:y:2019:p:209-12
    Note: DOI: 10.1257/pandp.20191032
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    File URL: https://www.aeaweb.org/doi/10.1257/pandp.20191032
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    File URL: https://www.aeaweb.org/doi/10.1257/pandp.20191032.ds
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    Citations

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    Cited by:

    1. Doval, Laura, 2022. "Dynamically stable matching," Theoretical Economics, Econometric Society, vol. 17(2), May.
    2. Lei, Xiaochang, 2023. "Optimal queue to minimize waste," Mathematical Social Sciences, Elsevier, vol. 123(C), pages 87-94.

    More about this item

    JEL classification:

    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D45 - Microeconomics - - Market Structure, Pricing, and Design - - - Rationing; Licensing
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy

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