Construct · 1 fields · 1 citations

probabilistic serial mechanism: a standalone construct

One name. One construct. A landmark on the map.

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probabilisticserial mechanism1 CONSTRUCTProbabilistic serialBOGOMOLNAIA · MARKET DESIGN

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Market design

a random assignment rule in which agents simultaneously consume probability shares of their favorite remaining objects, yielding ordinally efficient and envy-free lotteries.

In market design, probabilistic serial mechanism refers to a random assignment rule in which agents simultaneously consume probability shares of their favorite remaining objects, yielding ordinally efficient and envy-free lotteries. This meaning comes from Bogomolnaia (2001) in Journal of Economic Theory.[1]

Unit
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Measured by

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assignment3 fields · 3 citationsjingle · one word, three constructsmarket design1 fields · 1 citationsanchor · a standalone constructmarket3 fields · 5 citationsjingle · one word, three constructs

References

  1. Bogomolnaia, A., & Moulin, H. (2001). A New Solution to the Random Assignment Problem. Journal of Economic Theory, 100(2), 295-328. https://doi.org/10.1006/jeth.2000.2710

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