Arbeitspapier | Working paper
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 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. (author's abstract)
- Umfang
-
Seite(n): 36
- Sprache
-
Englisch
- Anmerkungen
-
Status: Veröffentlichungsversion; begutachtet
- Erschienen in
-
Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Markt und Entscheidung, Abteilung Verhalten auf Märkten (SP II 2015-203)
- Thema
-
Wirtschaft
Allgemeines, spezielle Theorien und Schulen, Methoden, Entwicklung und Geschichte der Wirtschaftswissenschaften
Effizienz
Wirkung
Stochastik
Verteilung
Schulwahl
Zufallsauswahl
Marktmechanismus
Sozialhilfe
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kesten, Onur
Kurino, Morimitsu
Nesterov, Alexander
- Ereignis
-
Veröffentlichung
- (wer)
-
Wissenschaftszentrum Berlin für Sozialforschung gGmbH
- (wo)
-
Deutschland, Berlin
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
21.06.2024, 16:26 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kesten, Onur
- Kurino, Morimitsu
- Nesterov, Alexander
- Wissenschaftszentrum Berlin für Sozialforschung gGmbH
Entstanden
- 2015
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