Narrow search
Showing 1 - 10 of 111
Cover Image
Constrained School Choice: An Experimental Study
Calsamiglia, Caterina; Haeringer, Guillaume; Klijn, Flip - Barcelona Graduate School of Economics (Barcelona GSE) - 2008
. Constraining choices increases segregation and affects the stability and efficiency of the final allocation. Remarkably, the …
Persistent link: https://www.econbiz.de/10010547189
Cover Image
Competitive Equilibrium from Equal Incomes for Two-Sided Matching
He, Yinghua; Miralles, Antonio; Yan, Jianye - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
have similar ordinal preferences, the mechanism’s explicit use of cardinal preferences may significantly improve efficiency …
Persistent link: https://www.econbiz.de/10010851345
Cover Image
Constrained School Choice
Haeringer, Guillaume; Klijn, Flip - Barcelona Graduate School of Economics (Barcelona GSE) - 2008
employ (variants of) the so-called Boston mechanism the transition would lead to efficiency gains. The first two mechanisms … fixed number of schools to be acceptable. We focus on the stability and efficiency of the Nash equilibrium outcomes. Our … efficiency of either of the two mechanisms. This stands in sharp contrast with the Boston mechanism which has been abandoned in …
Persistent link: https://www.econbiz.de/10010547129
Cover Image
Equilibrium Limited Liability Contracts in a Landlord-Tenant Market
Dam, Kaniska; Pérez-Castrillo, David - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
accrues to the tenant. We also suggest policy measures in relation to efficiency and income distribution. …
Persistent link: https://www.econbiz.de/10010851498
Cover Image
Fair and Efficient Student Placement with Couples
Klaus, Bettina; Klijn, Flip - Barcelona Graduate School of Economics (Barcelona GSE) - 2004
We study situations of allocating positions to students based on priorities. An example is the assignment of medical students to hospital residencies on the basis of entrance exams. For markets without couples, e.g., for undergraduate student placement, acyclicity is a necessary and sufficient...
Persistent link: https://www.econbiz.de/10010547126
Cover Image
Approximate Knowledge of Rationality and Correlated Equilibria
Germano, Fabrizio; Zuazo-Garin, Peio - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
We extend Aumann's theorem [Aumann 1987], deriving correlated equilibria as a consequence of common priors and common knowledge of rationality, by explicitly allowing for non-rational behavior. We replace the assumption of common knowledge of rationality with a substantially weaker one, joint...
Persistent link: https://www.econbiz.de/10010851330
Cover Image
Price of Anarchy in Sequencing Situations and the Impossibility to Coordinate
Hamers, Herbert; Klijn, Flip; Slikker, Marco - Barcelona Graduate School of Economics (Barcelona GSE) - 2013
Scheduling jobs of decentralized decision makers that are in competition will usually lead to cost inefficiencies. This cost inefficiency is studied using the Price of Anarchy (PoA), i.e., the ratio between the worst Nash equilibrium cost and the cost attained at the centralized optimum. First,...
Persistent link: https://www.econbiz.de/10010851455
Cover Image
Bayesian Nash Equilibrium in "Linear" Cournot Models with Private Information about Costs
Hurkens, Sjaak - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
Calculating explicit closed form solutions of Cournot models where firms have private information about their costs is, in general, very cumbersome. Most authors consider therefore linear demands and constant marginal costs. However, within this framework, the nonnegativity constraint on prices...
Persistent link: https://www.econbiz.de/10010851464
Cover Image
Endogenous Private Information Structures
Hurkens, Sjaak; Vulkan, Nir - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
We formally incorporate the option to gather information into a game and thus endogenize the information structure. We ask whether models with exogenous information structures are robust with respect to this endogenization. Any Nash equilibrium of the game with information acquisition induces a...
Persistent link: https://www.econbiz.de/10010547453
Cover Image
Bounded Rationality and Correlated Equilibria
Germano, Fabrizio; Zuazo-Garin, Peio - Barcelona Graduate School of Economics (Barcelona GSE) - 2015
We study an interactive framework that explicitly allows for non-rational behavior. We do not place any restrictions on how players can deviate from rational behavior. Instead we assume that there exists a lower bound p 2 [0; 1] such that all players play and are believed to play rationally with...
Persistent link: https://www.econbiz.de/10011188510