The Cost of Ordinality

descriptionPublicationkeyboard_double_arrow_right Article , Research , Other literature type 01 Jan 2014Embargo end date: 03 Jul 2018 Switzerland English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Pycia, Marek;

doi: 10.2139/ssrn.2460511 , 10.5167/uzh-152260

The Cost of Ordinality

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Abstract

School districts and other institutions allocating objects without the use of transfers tend to rely on mechanisms that only elicit agents’ ordinal preferences. The present note shows that the welfare loss imposed by only eliciting ordinal preferences can be arbitrarily large.

Country

Switzerland

Related Organizations

University of Zurich
Switzerland

Keywords

10007 Department of Economics, 330 Economics

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