Efficient Resource Allocation on the Basis of Priorities.
A model of resource allocation on the basis of priorities is introduced, and it is interpreted as a college admissions model. The potential for allocating resources on the basis of any priority structure is examined; and the possibilities of doing this Pareto efficiently, without creating incentive...
| Published in: | Econometrica Vol. 70; no. 6; pp. 2489 - 2498 |
|---|---|
| Main Author: | |
| Format: | Article |
| Published: |
Wiley-Blackwell
November 2002
|
| Online Access: | View this record in EBSCOhost |
| Summary: | A model of resource allocation on the basis of priorities is introduced, and it is interpreted as a college admissions model. The potential for allocating resources on the basis of any priority structure is examined; and the possibilities of doing this Pareto efficiently, without creating incentives for manipulation, and consistently across different groups of agents and resource levels, is investigated. |
|---|