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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 … main results identify rather stringent necessary and sufficient conditions on the priorities to guarantee stability or …
Persistent link: https://www.econbiz.de/10010547129
We propose a simple mechanism that implements the Ordinal Shapley Value (Prez-Castrillo and Wettstein [2005]) for economies with three or less agents.
Persistent link: https://www.econbiz.de/10010547131
We correct an omission in the definition of our domain of weakly responsive preferences introduced in Klaus and Klijn (2005) or KK05 for short. The proof of the existence of stable matchings (KK05, Theorem 3.3) and a maximal domain result (KK05, Theorem 3.5) are adjusted accordingly.
Persistent link: https://www.econbiz.de/10010851319
We show that the full version of the so-called "rural hospital theorem" generalizes to many-to-many matching problems … showing that when agents' preferences satisfy substitutability, the domain of weakly separable preferences is also maximal for …
Persistent link: https://www.econbiz.de/10010851401
We give a simple and concise proof that so-called generalized median stable matchings are well-defined for college admissions problems. Furthermore, we discuss the fairness properties of median stable matchings and conclude with two illustrative examples of college admissions markets, the...
Persistent link: https://www.econbiz.de/10010851408
, the domain of weakly responsive preferences, that guarantees stability. Under a restricted unemployment aversion condition …) responsiveness, that model the wish of couples to be closer together, cause instability, even when we use a weaker stability notion …
Persistent link: https://www.econbiz.de/10010547122
. Constraining choices increases segregation and affects the stability and efficiency of the final allocation. Remarkably, the …
Persistent link: https://www.econbiz.de/10010547189
In this note we study the National Resident Matching Program (NRMP) algorithm in the US market for physicians. We …. Roth and Peranson, 1999). First, we show that the new NRMP algorithm may not find an existing stable matching, even when …
Persistent link: https://www.econbiz.de/10010547404
We study two-sided matching markets with couples and show that for a natural preference domain for couples, the domain …. Starting from an arbitrary matching, we construct a path of matchings obtained from 'satisfying' blocking coalitions that … yields a stable matching. Hence, we establish a generalization of Roth and Vande Vate's (1990) result on path convergence to …
Persistent link: https://www.econbiz.de/10010547436
We consider two-sided many-to-many matching markets in which each worker may work for multiple firms and each firm may … mechanisms and that require participants to submit rank order lists of agents on the other side of the market. We are interested …
Persistent link: https://www.econbiz.de/10010643599