{"title":"具有分配目标的市场设计:效率、激励和产权","authors":"Isa E. Hafalir , Fuhito Kojima , M. Bumin Yenmez","doi":"10.1016/j.jet.2025.106099","DOIUrl":null,"url":null,"abstract":"<div><div>Given an initial matching and a policy objective on the distribution of agent types to institutions, we study the existence of a mechanism that weakly improves the distributional objective and satisfies constrained efficiency, individual rationality, and strategy-proofness. Such a mechanism need not exist in general. We introduce a new notion of discrete concavity, which we call pseudo M<sup>♮</sup>-concavity, and construct a mechanism with the desirable properties when the distributional objective satisfies this notion. We provide several practically relevant distributional objectives that are pseudo M<sup>♮</sup>-concave.</div></div>","PeriodicalId":48393,"journal":{"name":"Journal of Economic Theory","volume":"230 ","pages":"Article 106099"},"PeriodicalIF":1.2000,"publicationDate":"2025-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Market design with distributional objectives: Efficiency, incentives, and property rights\",\"authors\":\"Isa E. Hafalir , Fuhito Kojima , M. Bumin Yenmez\",\"doi\":\"10.1016/j.jet.2025.106099\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>Given an initial matching and a policy objective on the distribution of agent types to institutions, we study the existence of a mechanism that weakly improves the distributional objective and satisfies constrained efficiency, individual rationality, and strategy-proofness. Such a mechanism need not exist in general. We introduce a new notion of discrete concavity, which we call pseudo M<sup>♮</sup>-concavity, and construct a mechanism with the desirable properties when the distributional objective satisfies this notion. We provide several practically relevant distributional objectives that are pseudo M<sup>♮</sup>-concave.</div></div>\",\"PeriodicalId\":48393,\"journal\":{\"name\":\"Journal of Economic Theory\",\"volume\":\"230 \",\"pages\":\"Article 106099\"},\"PeriodicalIF\":1.2000,\"publicationDate\":\"2025-10-09\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Economic Theory\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0022053125001450\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Economic Theory","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0022053125001450","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
摘要
在给定代理类型分配的初始匹配和政策目标的情况下,研究了一种弱改进分配目标并满足约束效率、个体理性和策略证明的机制的存在性。一般来说,这种机制并不需要存在。我们引入了离散凹性的一个新概念,我们称之为伪M - h -凹性,并构造了一个当分布目标满足该概念时具有理想性质的机制。我们提供了几个实际相关的分布目标,这些目标是伪M - h -凹。
Market design with distributional objectives: Efficiency, incentives, and property rights
Given an initial matching and a policy objective on the distribution of agent types to institutions, we study the existence of a mechanism that weakly improves the distributional objective and satisfies constrained efficiency, individual rationality, and strategy-proofness. Such a mechanism need not exist in general. We introduce a new notion of discrete concavity, which we call pseudo M♮-concavity, and construct a mechanism with the desirable properties when the distributional objective satisfies this notion. We provide several practically relevant distributional objectives that are pseudo M♮-concave.
期刊介绍:
The Journal of Economic Theory publishes original research on economic theory and emphasizes the theoretical analysis of economic models, including the study of related mathematical techniques. JET is the leading journal in economic theory. It is also one of nine core journals in all of economics. Among these journals, the Journal of Economic Theory ranks fourth in impact-adjusted citations.