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Equal-quantile rules in resource allocation with uncertain demands

发布时间:2018-12-03
主讲人: Jingyi Xue
主讲人简介:

Assistant Professor of Economics, Singapore Management University.

Upload/File/2018/11/20181121050017884.pdf

主持人: Inkee Jang
讲座简介:

We consider the allocation problems in which agents have uncertain demands over a resource and allocation of the resource has to be made before the uncertainty resolves. We propose the class of equal-quantile rules that ensure all agents equal probability of being fully satisfied, with the probability bounded by a parameter. If the welfare loss due to unsatisfied demands and wasted resource are both linear, then an equal-quantile rule with a properly chosen parameter always selects the allocation that minimizes the total expected welfare loss. We further show that the class of equal-quantile rules are the only rules satisfying the following properties: consistency, continuity, strong ranking, and ordinality. In particular, ordinality requires the allocation to be invariant under any continuous and non-decreasing transformation of a problem.

时间: 2018-12-03(Monday)16:40-18:00
地点: N302, Econ Building
讲座语言: English
主办单位: WISE& SOE
承办单位:
期数: 制度的经济学分析系列讲座2018秋季第六讲(总第38讲)
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