Supposc thcrc arc 3 agcnts i E(1, 2, 3} with prefcrcnccs ovcr 3 objccts j E(a, b, c) as follows: 1:cba 2:bca 3:bac Consider the random allocation given by the following probability shares: Agent Good a bc10.5 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.

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Supposc thcre arc 3 agonts i E(1, 2, 3} with preferences over 3 objects j Ela, b, c) as follows: 1: cba
2:bca 3:bac Consider the random allocation given by the following probability shares: Agent
Good a bci0.50 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.
Transcribed Image Text:Supposc thcre arc 3 agonts i E(1, 2, 3} with preferences over 3 objects j Ela, b, c) as follows: 1: cba 2:bca 3:bac Consider the random allocation given by the following probability shares: Agent Good a bci0.50 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.
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