Suppose there are 3 agents i ∈{1, 2, 3} with preferences over 3 objects j ∈{a, b, c} as follows: 

1: c b a 

2: b c a 

3: b a c 

Consider the random allocation given by the following probability shares: Agent Good a b c 1 0.5 0 0.5 2 0.25 0.5 0.25 3 0.25 0.5 0.25 Is this allocation ordinally efficient? Is it ex-ante weakly envy-free? Be sure to explain how you arrived at your answer.

Answer rating: 100% (QA)

Answer a Assignment in the PS context a b and c A1 12 0 12 A1 12 0 12 A1 12 0 12 A 12 14 14 A2 0 34 ... View the full answer