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Essays on Market/Mechanism Design

thesis
posted on 04.11.2021, 21:21 by Ali PolatAli Polat
We extend the preference domain of the assignment problem to accommodate ordinal, cardinal and mixed
preferences and thereby allow the mechanism designer to elicit different levels of information about individuals’
preferences. Given a fixed preference relation over a finite set of alternatives, our domain contains preferences over lotteries that are monotonic, continuous and satisfy an independence axiom. Under a natural coarseness relation, the stochastic dominance relation is the coarsest element of the domain and represents fully ordinal preferences. Any von Neumann-Morgenstern expected utility preference is a finest element and represents fully cardinal preferences. The extended domain can be characterized by an expected
multi-utility representation. Although it is possible to construct a mechanism in the extended domain where
the agents with ordinal preferences don’t have an incentive to deviate from truth telling, agents with cardinal
preferences may deviate even if the deviations are restricted to ordinal preference reports.

History

Date

12/05/2021

Degree Type

Dissertation

Department

Tepper School of Business

Degree Name

  • Doctor of Philosophy (PhD)

Advisor(s)

Onur Kesten Ali Shourideh

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