Andrew Mackenzie

I am an Assistant Professor at Rutgers University–New Brunswick in the Department of Economics (starting September 1).

CONTACT:

andrew.k.mackenzie@rutgers.edu

CV:

Click here

My Erdős number is two: Paul Erdős Vilmos Komornik — Andrew Mackenzie (calculate)

WORKING PAPERS

4. "Subjective lexicographic expected utility."

(2024).

In Savage’s model with a finite set of outcomes, I generalize Arrow’s foundation for subjective expected utility to allow for discontinuous preferences over subjective lotteries.

3. "Patience ensures fairness."

With Florian Brandl. (2024).

We consider the fair allocation of a sequence of time slots, and establish that (i) if agents are sufficiently patient, then there are proportional allocations, and (ii) if agents are sufficiently patient and moreover have weak preference for earlier time slots, then there are envy-free allocations.

2. "Tract housing, the core, and pendulum auctions."

With Yu Zhou. (2022). Under revision.

We consider a model of tract housing with two features: (i) objects are identical, and (ii) a given buyer may be unable to afford a given price. We characterize both (i) the strong core, and (ii) the weak core allocations with no side-payments, then implement the latter in obviously dominant strategies with two new families of mechanisms that we call pendulum auctions.

1. "On atoms and event richness in Savage's model."

(2020). Under revision.

I revisit Savage's model of choice under uncertainty with a finite number of outcomes n, and prove that Savage's first five postulates, monotone continuity, (8n-7)th-order atom-swarming, and a weak sophistication axiom together guarantee a subjective expected utility representation. Because this result allows for a countably infinite collection of atoms, it applies to intertemporal choice.

WORK IN PROGRESS

"Auctions for a regulated monopolist."

With Christian Trudeau. (2019).

We investigate mechanisms that a monopolist with convex production technology can use to eliciting demand while conforming to several regulatory requirements. This involves our characterization of the envy-free Groves mechanisms for this problem, which can be found in our older manuscript here.

PUBLICATIONS

9. "Fairly taking turns."

With Vilmos Komornik. (2023). Games and Economic Behavior 142, 743-764.

We investigate the fair allocation of a sequence of time slots when each agent is sufficiently patient. We consider several notions of fairness, and propose several procedures for constructing fair allocations.

8. "On Groves mechanisms for costly inclusion."     [Extended working paper version]

With Christian Trudeau. (2023). Theoretical Economics 18, 1181-1223.

Standard mechanism design objectives are compatible when allocating an object, but incompatible when providing a public good. Why? We provide an answer in a general model of costly inclusion that covers these environments and many others.

7. "Menu mechanisms."

With Yu Zhou. (2022). Journal of Economic Theory 204, Article 105511.

We investigate menu mechanisms: dynamic mechanisms where at each history, an agent selects from a menu of his possible assignments. We provide general conditions guaranteeing that these provide dominant strategy implementations that moreover provide robust incentives off the path of play. Applications include matching with contracts, labor markets, auctions, school choice, marriage, object allocation, and elections.

This paper was one of seven finalists for a Young Economists' Essay Award (YEEA) at the 2021 European Association for Research in Industrial Economics (EARIE) Conference.

6. "On atom-swarming and Luce's theorem for probabilistic beliefs."

(2021). Economic Theory Bulletin 9, 67-74.

Using a theorem of Luce, I provide a new proof of my result about representing beliefs with probabilities. The new proof involves almost all of the same techniques, but it avoids constructing a structure that I designed, essentially because Luce constructs something similar.

5. "A revelation principle for obviously strategy-proof implementation."

(2020). Games and Economic Behavior 124, 512-533.

For obviously strategy-proof implementation, it is safe, in a very strong sense, to restrict attention to extensive game forms where the administrator randomizes once at the start of play, then agents take turns making public announcements about their types.

4. "An axiomatic analysis of the papal conclave."

(2020). Economic Theory 69, 713-743.

Using historical documents and axiomatic analysis, I recommend that the Roman Catholic Church overturn the changes of Pope Pius XII to reinstate the papal election format of Pope Gregory XV. I also present some arguments in favor of randomization in the case of deadlock.

3. "A foundation for probabilistic beliefs with or without atoms."

(2019). Theoretical Economics 14, 709-778.

When can beliefs, which rank events on the basis of relative likelihood, be represented by a probability measure? I provide a new answer that allows for atoms.

This paper was presented at the Jaffray Memorial Lecture at the 2016 Risk, Uncertainty, and Decision (RUD) Conference.

2. "Symmetry and impartial lotteries."

(2015). Games and Economic Behavior 94, 15-28.

When peers nominate one another for a prize (which may be awarded randomly), the voters are the candidates---so what does it mean to treat everyone symmetrically? I propose several symmetry notions, and give two characterizations using impartiality: the requirement that no agent's report should impact whether or not he wins, removing incentives for strategic nomination.

1. "Voting with rubber bands, weights, and strings."

With Davide Cervone, Ronghua Dai, Daniel Gnoutcheff, Grant Lanterman, Ari Morse, Nikhil Srivastava, and William Zwicker. (2012). Mathematical Social Sciences 64, 11-27.

We consider voting rules that can be administered using physical machines: by casting a vote, an agent exerts a pull on the outcome. In particular, we compare new rules involving weights and strings to familiar rules involving rubber bands in order to explore the tradeoffs between resistance to manipulation, decisiveness, and responsiveness.