LEARNING MATTERS: REAPPRAISING OBJECT ALLOCATION RULES WHEN AGENTS STRATEGICALLY INVESTIGATE
研究在物品分配模型中，不同分配规则如何影响代理人的策略性学习行为，并比较其社会福利后果，发现顶级交易循环规则优于序列优先规则。
Abstract Individuals form preferences through search, interviews, discussion, and investigation. In a stylized object allocation model, we characterize the equilibrium learning strategies induced by different allocation rules and trace their welfare consequences. Our analysis reveals that top trading cycles rules dominate serial priority rules under inequality‐averse measures of social welfare.