Presenter: Associate Professor Zeng Huaxia (Shanghai University of Finance and Economics)

Host: Xu Rui, Assistant Professor (Institute of Chinese Economy, Liaoning University)

Guest Introduction: Associate Professor Zhou Yu (Institute of Chinese Economy, Liaoning University)

Date and Time: Thursday, June 12, 2024, 10:00 - 11:30 a.m. (Beijing Time)

Location: Conference Room on the First Floor of Wuzhouyuan, Chongshan Campus, Liaoning University

Online address: Tencent Meeting 846-7809-5157

Language: Chinese/English

Abstract:

New fairness notions in align with the merit principle are proposed for designing exchange rules. We show that, for an obviously strategy-proof, efficient and individually rational rule, an upper bound of fairness attainable is that, if two agents possess objects considered the best by two equal groups, then at least one receives her favorite object. Notably, it is not possible to guarantee them both receiving favorites. Our results thus indicate an unambiguous trade-off between incentives and fairness in the design of exchange rules.

Speaker's Profile:

Zeng Huaxia, an associate professor at the School of Economics of Shanghai University of Finance and Economics, graduated from Fudan University with a bachelor's degree, and obtained master's degrees from Xiamen University and Singapore Management University. He received his Ph.D. in economics from Singapore Management University. His main research areas are microeconomic theory and mechanism design. His research has been published in Theoretical Economics, Journal of Economic Theory, Games and Economic Behavior, and Journal of Mathematical Economics. He has served as an anonymous reviewer for more than ten renowned journals including Econometrica, TE, JET, GEB, and AEJ:Micro. He has also been the principal investigator of a National Natural Science Foundation of China (NSFC) Youth Fund project.