Adam Smith Business School

Professor Michele Lombardi, University of Liverpool 

'An implementation approach to rotation programs.'
Tuesday 26 April 2022, 1pm - 2.15pm
Adam Smith Building, Room 916

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Abstract

Rotation programs are widely used in societies. Some examples are job rotations, rotation schemes in the management of common-pool resources, and rotation procedures in fair division problems. We study rotation programs via the implementation of Pareto efficient social choice rules under complete information. The notion of the rotation program predicts the outcomes. A rotation program is a myopic stable set whose states are arranged circularly, and agents can effectively move only between two consecutive states. We provide characterizing conditions for the implementation in rotation programs and show that, for multi-valued rules, our notion of rotation monotonicity is necessary and sufficient for implementation. Finally, we identify two classes of assignment problems that are implementable in rotation programs.

Biography

Michele is a microeconomist with research interests in economic design, welfare economics, and behavioral economics. He is a full professor at the University of Liverpool Management School. Before joining Liverpool, Michele held positions at the University of Glasgow, Maastricht University, the University of Surrey, and the University of Warwick. He holds an MSc and Ph.D. from the Queen Mary University of London. Michele's research has been published in academic leading economic theory journals such as Journal of Economic Theory, Games and Economic Behavior, Economic Theory, and Journal of Mathematical Economics. He is also an Associate Editor for the International Journal of Economic Theory.

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First published: 22 March 2022