Strategy-proof and anonymous rule in queueing problems: a relationship between equity and efficiency

نویسندگان

  • Kazuhiko Hashimoto
  • Hiroki Saitoh
چکیده

In this paper, we consider a relationship between equity and efficiency in queueing problems. We show that under strategy-proofness, anonymity in welfare implies queue-efficiency. Furthermore, we also give a characterization of the equally distributed pairwise pivotal rule, as the only rule that satisfies strategy-proofness, anonymity in welfare and budget-balance. keywords: Queueing Problems, Strategy-Proofness, Anonymity in welfare, Efficiency JEL Classification numbers: D63, D71 ∗Corresponding address: Graduate School of Economics, Osaka University, 1-7, Machikaneyama, Toyonaka, Osaka 560-0043, JAPAN. E-mail: [email protected] †JSPS Research Fellow. Corresponding address: Institute of Social and Economic Research, Osaka University, 6-1, Mihogaoka, Ibaraki, Osaka 567-0047, JAPAN. E-mail: [email protected]

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Forecasting Crash risk using Business Strategy, Equity Overvaluation and Conditional Skewness in Stock Price

A firm is called to have stock price crash risk if the firm has a tendency to experience a sudden drop in its stock price. In this study, the relation between the firm-level of business strategy and future stock price crash risk Is examined, as well as the effect of stock overvaluation on the relationship between business strategy and crash risk investigated. Using the strategy index and crash ...

متن کامل

The Relationship Between Non-Transparent Financial Reporting and Risk Stock Futures Fall Due to the Size and Performance

The purpose of this study was to investigate the relationship between stock futures fall risk with non-transparent financial reporting at three levels of size, efficiency and return on equity, in the period 2010 to 2014 was in Tehran Stock Exchange. The population of the study are all companies listed in Tehran Stock Exchange. Data collected and calculated by using Excel software Eviews 7 been ...

متن کامل

Stronger Impossibility Results for Strategy-Proof Voting with i.i.d. Beliefs

The classic Gibbard-Satterthwaite theorem says that every strategy-proof voting rule with at least three possible candidates must be dictatorial. In [McL11], McLennan showed that a similar impossibility result holds even if we consider a weaker notion of strategy-proofness where voters believe that the other voters’ preferences are i.i.d. (independent and identically distributed): If an anonymo...

متن کامل

Sequences in Pairing Problems: A New Approach to Reconcile Stability with Strategy-Proofness for Elementary Matching Problems

We study two-sided (“marriage”) and general pairing (“roommate”) problems. We introduce “sequences,” lists of matchings that are repeated in order. Stable sequences are natural extensions of stable matchings; case in point, we show that a sequence of stable matchings is stable. In addition, stable sequences can provide solutions to problems for which stable matchings do not exist. In a sense, t...

متن کامل

The Study of the Effect of Diversification Strategy, Cost Leader-ship Strategies and Product Differentiation on Business Unit Value

Changes in credit risk may arise when either the value or the risk of corporate assets changes. Changes in the equity value associated with the changes in the asset value and changes in asset risk can be characterized into potentially countervailing direct and indirect effects. The indirect effect of risk on equity value is a function of factors that affect the debt value of including leverage,...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:
  • Social Choice and Welfare

دوره 38  شماره 

صفحات  -

تاریخ انتشار 2012