Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5058214 | Economics Letters | 2016 | 4 Pages |
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
Authors
Xiang Han,