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The cost of ordinality


Pycia, Marek (2014). The cost of ordinality. SSRN 2460511, SSRN eLibrary.

Abstract

School districts and other institutions allocating objects without the use of transfers tend to rely on mechanisms that only elicit agents’ ordinal preferences. The present note shows that the welfare loss imposed by only eliciting ordinal preferences can be arbitrarily large.

Abstract

School districts and other institutions allocating objects without the use of transfers tend to rely on mechanisms that only elicit agents’ ordinal preferences. The present note shows that the welfare loss imposed by only eliciting ordinal preferences can be arbitrarily large.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:June 2014
Deposited On:03 Jul 2018 14:37
Last Modified:07 Apr 2020 07:10
Series Name:SSRN
Number of Pages:4
ISSN:1556-5068
OA Status:Green
Free access at:Publisher DOI. An embargo period may apply.
Publisher DOI:https://doi.org/10.2139/ssrn.2460511
Official URL:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2460511

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