Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5071873 | Games and Economic Behavior | 2014 | 15 Pages |
â¢We consider a problem of assigning agents to slots on a line.â¢Our focus is minimization of the total gap between preferred and assigned outcomes.â¢A direct method for testing whether an assignment is minimizing total gap is provided.â¢A modification of the random priority lottery method is proposed.â¢We also provide some logical relations on standard axioms in our framework.
We consider the problem of assigning agents to slots on a line, where only one agent can be served at a slot and each agent prefers to be served as close as possible to his target. Our focus is on aggregate gap minimizing methods, i.e., those that minimize the total gap between targets and assigned slots. We first consider deterministic assignment of agents to slots, and provide a direct method for testing if a given deterministic assignment is aggregate gap minimizing. We then consider probabilistic assignment of agents to slots, and make use of the previous method to propose an aggregate gap minimizing modification of the classic random priority method to solve this class of problems. We also provide some logical relations in our setting among standard axioms in the literature on assignment problems, and explore the robustness of our results to several extensions of our setting.