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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title The cost of ordinality
Organization Unit
  • Marek Pycia
  • English
Institution SSRN eLibrary
Series Name SSRN
Number 2460511
ISSN 1556-5068
Number of Pages 4
Date 2014
Abstract Text 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.
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Digital Object Identifier 10.2139/ssrn.2460511
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