The Random Priority Mechanism Is Uniquely Simple, Efficient, and Fair

IF 6.2 1区经济学 Q1 ECONOMICS

Econometrica Pub Date : 2026-09-22 DOI:10.3982/ECTA23230

Marek Pycia, Peter Troyan

引用次数: 0

Abstract

Random Priority is a popular mechanism used to allocate a set of objects to a set of agents without the use of monetary transfers. Random Priority is appealing because it satisfies desirable efficiency, fairness, and incentive properties. Is it the only mechanism with these properties? We answer this long-standing question in the positive: Random Priority is the unique mechanism that is Pareto efficient, symmetric, and obviously strategy-proof.

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随机优先机制具有独特的简单、高效和公平

随机优先级是一种流行的机制，用于在不使用货币转移的情况下将一组对象分配给一组代理。随机优先是有吸引力的，因为它满足理想的效率，公平和激励性质。它是唯一具有这些性质的机制吗？我们从积极的角度回答了这个长期存在的问题：随机优先级是帕累托效率、对称和明显不受策略影响的独特机制。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Econometrica 社会科学-数学跨学科应用

CiteScore

11.00

自引率

3.30%

发文量

审稿时长

6-12 weeks

期刊介绍： Econometrica publishes original articles in all branches of economics - theoretical and empirical, abstract and applied, providing wide-ranging coverage across the subject area. It promotes studies that aim at the unification of the theoretical-quantitative and the empirical-quantitative approach to economic problems and that are penetrated by constructive and rigorous thinking. It explores a unique range of topics each year - from the frontier of theoretical developments in many new and important areas, to research on current and applied economic problems, to methodologically innovative, theoretical and applied studies in econometrics. Econometrica maintains a long tradition that submitted articles are refereed carefully and that detailed and thoughtful referee reports are provided to the author as an aid to scientific research, thus ensuring the high calibre of papers found in Econometrica. An international board of editors, together with the referees it has selected, has succeeded in substantially reducing editorial turnaround time, thereby encouraging submissions of the highest quality. We strongly encourage recent Ph. D. graduates to submit their work to Econometrica. Our policy is to take into account the fact that recent graduates are less experienced in the process of writing and submitting papers.