AEA Papers and Proceedings
ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)
Matching with Stochastic Arrival
AEA Papers and Proceedings
vol. 109,
May 2019
(pp. 209–12)
Abstract
This paper examines efficiency and fairness properties in a dynamic allocation problem. The model applies to situations in which objects of different types arrive stochastically over time and must be assigned to agents in a queue, such as the allocation of public housing units. The main result demonstrates the impossibility of designing an allocation mechanism in an environment with stochastic arrival that can guarantee resulting assignments that are efficient or fair ex post.Citation
Thakral, Neil. 2019. "Matching with Stochastic Arrival." AEA Papers and Proceedings, 109: 209–12. DOI: 10.1257/pandp.20191032Additional Materials
JEL Classification
- C44 Operations Research; Statistical Decision Theory
- C61 Optimization Techniques; Programming Models; Dynamic Analysis
- C78 Bargaining Theory; Matching Theory
- D45 Rationing; Licensing
- D63 Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- R21 Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand
- R38 Production Analysis and Firm Location: Government Policy