Abstract

We revisit the concept of fairness in the Student Placement framework. We declare an allocation as α\documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$$\upalpha $$\end{document}-equitable if no agent can propose an alternative allocation that nobody else might argue to be inequitable. It turns out that α\documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$$\upalpha $$\end{document}-equity is compatible with efficiency. Our analysis fills a gap in the literature by giving normative support to the allocations improving, in terms of efficiency, the Student Optimal Stable allocation.