Year: 2020
Type: preprint
Abstract: We develop a method using parameterized linear equations to define trading mechanisms in market design models. Our method adeptly addresses challenges arising from factors such as complex endowments or coarse priorities, while offering flexibility to incorporate fairness concerns through the selection of equation parameters. Applying this method to models including fractional endowment exchange, priority-based allocation, and house allocation with existing tenants, we obtain new mechanisms that are both efficient and fair in these models.
Authors: Yu, Jingsheng, Zhang, Jun
Institutions: Wuhan University, Nanjing Audit University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3168439728