Article ID Journal Published Year Pages File Type
5058214 Economics Letters 2016 4 Pages PDF
Abstract

The random serial dictatorship (RSD) can be generalized to indivisible object allocation problems allowing fractional endowments such that symmetry, ex-post efficiency and strategy-proofness are preserved. However, there exists a consistent extension of RSD if and only if the population is less than four. The inconsistency of the generalized RSD is a common feature of strategy-proof rules that satisfy minimal fairness and efficiency properties: symmetry, ex-post efficiency, consistency and strategy-proofness are not compatible.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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