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- SEQUENTIAL DECISIONS IN THE COLLEGE ADMISSIONS PROBLEM

Alcalde, José; Medina, Antonio Romero - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999

This paper studies the sequential mechanisms which mimic matching procedures formany-to-one-real-life matching markets …

Persistent link: https://www.econbiz.de/10005515906

Second Best Efficiency in Auctions

Veciana, Ángel Hernando; Michelucci, Fabio - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2008

We characterize the incentive compatible allocation that maximizes the expected social surplus in a single-unit sale when the efficient allocation is not implementable. This allocation may involve no selling when it is efficient to sell. We then show that the English auction always implements...

Persistent link: https://www.econbiz.de/10005731223

Hiring procedures to implement stable allocations

Pérez, José Alcalde; Romero-Medina, Antonio; … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1997

We implement the core correspondence in Subgame Perfect Equilibrium using a simplesequential mechanism in which firms propose a salary to each worker (in the first stage). Then ,each worker accepts at most one proposal (second stage). Moreover, we show that, if agents'preferences are additive,...

Persistent link: https://www.econbiz.de/10005212575

Pigouvian taxes: A strategic approach

Pérez, José Alcalde; Corchón, Luis; Jiménez, … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1996

This paper analyzes the problem of designing mechanisms to implement efficient solutions in economies with externalities. We provide two simple mechanisms implementing the Pigouvian Social Choice Correspondence in environments in which coalitions can be formed. Finally, we study economies in...

Persistent link: https://www.econbiz.de/10008542862

Simple mechanisms to implement the core of college admissions problems

Pérez, José Alcalde; Romero-Medina, Antonio - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1996

This paper provides three simple mechanisms to implement allocations in the core of matching markets. We analyze some … sequential mechanisms which mimic matching procedures for many-to-one real life matching markets. We show that only core …

Persistent link: https://www.econbiz.de/10008542866

- THE ROLE OF UNIONS IN HIRING PROCEDURES FOR JOB MARKETS

Alcalde, José; Revilla, Pablo - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1998

This paper studies simple hiring procedures for job markets. We show that when agents act strategically only individually rational outcomes should be expected. Moreover, If agents can form unions, thereby gaining the possibility to commit on the decision to be chosen, only stable allocations are...

Persistent link: https://www.econbiz.de/10005515948

- ANALYSIS OF INTERREGIONAL LABOR MIGRATION IN SPAIN USING GROSS FLOWS

Ortín, Ignacio Ortuño - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999

. Its main characteristics are that it is based on a matching model ofthe labor market applied to migration, and that uses …

Persistent link: https://www.econbiz.de/10005731212

Matching and network effects

Fafchamps, Marcel; Leij, Marco van der; Goyal, Sanjeev - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2009

The matching of individuals in teams is a key element in the functioning of an economy. The network of social ties can … potentially transmit important information on abilities and reputations and also help mitigate matching frictions by facilitating … available. Our finding that social networks are powerful even in this setting suggests that they must affect matching processes …

Persistent link: https://www.econbiz.de/10004991799

A proposal to unify some concepts in the theory of fairness

Kortajarene, Iñigo Iturbe-Ormaetxe; Corchón, Luis - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1997

So far, the Theory of Distributive Justice has tried to single out a unique criterion of Justice. In our opinion, we live in a world in which different people hold conflicting ideas about justice. We propose a procedure for representing these individual opinions, by means of what we call...

Persistent link: https://www.econbiz.de/10005515930

- CREDIT RISK AND EFFICIENCY IN THE EUROPEAN BANKING SYSTEMS: A THREE-STAGE ANALYSIS

Monsálvez, José Manuel Pastor - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999

the efficiency and credit risk. The first of this aspects is based on the incentive to the banks to reduce cost in order … analyzed the effects of competition on the efficiency of banking systems without considering these aspects. The few studies … that attempt to obtainrisk adjusted efficiency measures do not consider that part of the risk is due to exogenous …

Persistent link: https://www.econbiz.de/10005212537