Scheduling with opting out: Improving upon random priority

H. Crès, H. Moulin

Research output: Contribution to journalArticle

Abstract

In a scheduling problem where agents can opt out, we show that the familiar random priority (RP) mechanism can be improved upon by another mechanism dubbed probabilistic serial (PS). Both mechanisms are nonmanipulable in a strong sense, but the latter is Pareto superior to the former and serves a larger (expected) number of agents. The PS equilibrium outcome is easier to compute than the RP outcome; on the other hand, RP is easier to implement than PS. We show that the improvement of PS over RP is significant but small: at most a couple of percentage points in the relative welfare gain and the relative difference in quantity served. Both gains vanish when the number of agents is large; hence both mechanisms can be used as a proxy of each other.

Original languageEnglish (US)
Pages (from-to)565-577
Number of pages13
JournalOperations Research
Volume49
Issue number4
DOIs
StatePublished - Jan 1 2001

ASJC Scopus subject areas

  • Computer Science Applications
  • Management Science and Operations Research

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