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In two-sided matching markets, stable mechanisms are vulnerable to various kinds of manipulations. This paper investigates conditions for the student-optimal stable mechanism (SOSM) and the college-optimal stable mechanism (COSM) to be immune to manipulations via capacities and pre-arranged...
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establish the stability properties of the resulting control system. …
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In two-sided matching markets, stable mechanisms are vulnerable to various kinds of manipulations. This paper investigates conditions for the student-optimal stable mechanism (SOSM) and the college-optimal stable mechanism (COSM) to be immune to manipulations via capacities and pre-arranged...
Persistent link: https://www.econbiz.de/10005458970
Some stability effects of technical trading on financial/commodity markets are analyzed in this paper. Technical … equation, whose (local) stability is determined by means of root-locus techniques. It is proven that the larger the time …-delay horizon, the larger the stability margin. This means that short-run technical trading is more likely to induce market …
Persistent link: https://www.econbiz.de/10010590356
This paper investigates the welfare effects of affirmative action policies in school choice. We show that affirmative action policies can have perverse consequences. Specifically, we demonstrate that there are market situations in which affirmative action policies inevitably hurt every minority...
Persistent link: https://www.econbiz.de/10010577242