Equal-quantile rules in resource allocation with uncertain demands-厦门大学金融系

Equal-quantile rules in resource allocation with uncertain demands
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>
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 类型 系列讲座
联系人信息 主持人 Inkee Jang
专题网站 专题
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)
系列讲座