Seminar @ Economics and Planning Unit at Indian Statistical Institute, Delhi .
https://www.isid.ac.in/~epu/seminar.html Title: The Vigilant Eating Rule: A general approach for probabilistic economic design with constraints Speaker: Haris Aziz, University of New South Wales Date: Friday, 7th August, 2020 Time: 3 PM. Venue: Webinar Abstract: We consider the problem of probabilistic allocation of objects under ordinal preferences. Our main contribution is an allocation mechanism, called the vigilant eating rule (VER), that applies to nearly arbitrary distributional constraints. It is constrained ordinally efficient, can be computed efficiently for a large class of constraints, and treats agents equally if they have the same preferences and are subject to the same constraints. When the set feasible allocations is convex, we also present a characterization of our rule based on ordinal egalitarianism. Our general results concerning VER do not just apply to allocation problems but to any collective choice...