DOAJ Open Access 2019

A New Evaluation Criterion for Allocation Mechanisms with Application to Vehicle License Allocations in China

Jianxin Rong Ning Sun Dazhong Wang

Lihat Sumber DOI

Abstrak

In this paper, we propose an equality measure for allocation mechanisms with budget constraints to describe the difference in object obtaining opportunities among buyers with different budget ranks. We evaluate allocation mechanisms not only from the perspective of efficiency and revenue, but also with the criterion of equality. As an application of this new evaluation criterion -- the equality measure, we study the vehicle license allocation problem in China, introduce a class of hybrid auction-lottery mechanisms, and evaluate China's vehicle license allocation in a unified framework from the criteria of efficiency, equality, and revenue.

Topik & Kata Kunci

Political institutions and public administration (General) Economic theory. Demography

Penulis (3)

Jianxin Rong

Ning Sun

Dazhong Wang

Format Sitasi

APA MLA BibTeX

Rong, J., Sun, N., Wang, D. (2019). A New Evaluation Criterion for Allocation Mechanisms with Application to Vehicle License Allocations in China. https://doi.org/10.22574/jmid.2019.11.002

Akses Cepat

Lihat di Sumber doi.org/10.22574/jmid.2019.11.002

Informasi Jurnal

Tahun Terbit: 2019
Sumber Database: DOAJ
DOI: 10.22574/jmid.2019.11.002
Akses: Open Access ✓