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This paper studies the problem of assigning a set of indivisible objects to a set of agents when monetary transfers are not allowed and agents reveal only ordinal preferences, but random assignments are possible. We offer two characterizations of the probabilistic serial mechanism, which assigns...
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The allocation and exchange of discrete resources, such as transplant organs, pub- lic housing, dormitory rooms, and … our construction to show what can and what cannot be achieved in a variety of allocation and exchange problems, and we …
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