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主讲人 |
Jingyi Xue |
简介 |
<p>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.</p> |
|
主讲人简介 |
<p>Assistant Professor of Economics, Singapore Management University.</p>
<p><a href="/Upload/File/2018/11/20181121050017884.pdf">Upload/File/2018/11/20181121050017884.pdf</a></p> |
期数 |
制度的经济学分析系列讲座2018秋季第六讲（总第38讲） |
