A characterization of the Vickery rule in slot allocation problems
ISER DP No. 1120
15 Pages Posted: 5 Mar 2021
Date Written: March 1, 2021
We study the slot allocation problem where agents have quasi-linear single-peaked preferences over slots and identify the rules satisfying efficiency, strategy-proofness, and individual rationality. Since the quasi-linear single-peaked domain is not connected, the famous characterization of the Vickrey rule in terms of the three properties in Holmstrom (1979) cannot be applied. However, we are able to establish that on the quasi-linear single-peaked domain, the Vickrey rule is still the only rule satisfying efficiency, strategy-proofness, and individual rationality.
Keywords: Slot allocation problem, single-peakedness, efficiency, strategy-proofness, individual rationality, Vickrey rule
JEL Classification: C78, D44, D71
Suggested Citation: Suggested Citation