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The extended serial correspondence on a rich preference domain

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  • Eun Heo

Abstract

We study the problem of assigning objects to a set of agents. We focus on probabilistic solutions that only take agents’ preferences over objects as input. Importantly, agents may be indifferent among several objects. The “extended serial correspondence” is proposed by Katta and Sethuraman (J Econ Theory 131:231–250, 2006 ) to solve this problem. As a follow-up to Liu and Pycia (Ordinal efficiency, fairness, and incentives in large markets. Mimeo, 2012 ) who introduce the notion of profiles with “full support”, we work with two interesting classes of preference profiles: profiles that (i) have rich support on a partition or (ii) are single-peaked with rich support on a partition. For each profile in these classes, an assignment matrix is selected by the extended serial correspondence if and only if it is sd-efficient and sd envy-free. We also provide an asymptotic result. Copyright Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Eun Heo, 2014. "The extended serial correspondence on a rich preference domain," International Journal of Game Theory, Springer;Game Theory Society, vol. 43(2), pages 439-454, May.
    • Handle: RePEc:spr:jogath:v:43:y:2014:i:2:p:439-454
    DOI: 10.1007/s00182-013-0388-4
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    References listed on IDEAS

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    1. Sprumont, Yves, 1991. "The Division Problem with Single-Peaked Preferences: A Characterization of the Uniform Allocation Rule," Econometrica, Econometric Society, vol. 59(2), pages 509-519, March.
    2. H. Moulin, 1980. "On strategy-proofness and single peakedness," Public Choice, Springer, vol. 35(4), pages 437-455, January.
    3. Katta, Akshay-Kumar & Sethuraman, Jay, 2006. "A solution to the random assignment problem on the full preference domain," Journal of Economic Theory, Elsevier, vol. 131(1), pages 231-250, November.
    4. Bogomolnaia, Anna & Heo, Eun Jeong, 2012. "Probabilistic assignment of objects: Characterizing the serial rule," Journal of Economic Theory, Elsevier, vol. 147(5), pages 2072-2082.
    5. Bogomolnaia, Anna & Moulin, Herve, 2001. "A New Solution to the Random Assignment Problem," Journal of Economic Theory, Elsevier, vol. 100(2), pages 295-328, October.
    6. Hashimoto, Tadashi & Hirata, Daisuke & Kesten, Onur & Kurino, Morimitsu & Unver, Utku, 2014. "Two axiomatic approaches to the probabilistic serial mechanism," Theoretical Economics, Econometric Society, vol. 9(1), January.
    7. Onur Kesten & Morimitsu Kurino & M. Utku Ünver, 2010. "Fair and Efficient Assignment via the Probabilistic Serial Mechanism," Boston College Working Papers in Economics 742, Boston College Department of Economics, revised 30 May 2011.
    8. Onur Kesten, 2010. "School Choice with Consent," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(3), pages 1297-1348.
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    Cited by:

    1. Balbuzanov, Ivan, 2022. "Constrained random matching," Journal of Economic Theory, Elsevier, vol. 203(C).
    2. Cho, Wonki Jo, 2016. "When is the probabilistic serial assignment uniquely efficient and envy-free?," Journal of Mathematical Economics, Elsevier, vol. 66(C), pages 14-25.
    3. Yu Zhou & Shigehiro Serizawa, 2016. "Strategy-Proofness and Efficiency for Non-quasi-linear Common-Tiered-Object Preferences: Characterization of Minimum Price Rule," ISER Discussion Paper 0971, Institute of Social and Economic Research, Osaka University.
    4. Heo, Eun Jeong & Yılmaz, Özgür, 2015. "A characterization of the extended serial correspondence," Journal of Mathematical Economics, Elsevier, vol. 59(C), pages 102-110.
    5. Heo, Eun Jeong, 2014. "Probabilistic assignment problem with multi-unit demands: A generalization of the serial rule and its characterization," Journal of Mathematical Economics, Elsevier, vol. 54(C), pages 40-47.
    6. Shende, Priyanka & Purohit, Manish, 2023. "Strategy-proof and envy-free mechanisms for house allocation," Journal of Economic Theory, Elsevier, vol. 213(C).
    7. Priyanka Shende & Manish Purohit, 2020. "Strategy-proof and Envy-free Mechanisms for House Allocation," Papers 2010.16384, arXiv.org.
    8. Zhou, Yu & Serizawa, Shigehiro, 2018. "Strategy-proofness and efficiency for non-quasi-linear and common-tiered-object preferences: Characterization of minimum price rule," Games and Economic Behavior, Elsevier, vol. 109(C), pages 327-363.
    9. Doğan, Battal & Doğan, Serhat & Yıldız, Kemal, 2018. "A new ex-ante efficiency criterion and implications for the probabilistic serial mechanism," Journal of Economic Theory, Elsevier, vol. 175(C), pages 178-200.

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    More about this item

    Keywords

    Sd-efficiency; Sd no-envy; Rich support on a partition; Single-peaked preference profiles with rich support on a partition; The extended serial correspondence; C70; D61; D63;
    All these keywords.

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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