Showing 1 - 10 of 77
accommodate indifference without compromising on efficiency and incentives. …
Persistent link: https://www.econbiz.de/10011043015
This paper considers marriage problems, roommate problems with nonempty core, and college admissions problems with responsive preferences. All stochastically stable matchings are shown to be contained in the set of matchings which are most robust to one-shot deviation.
Persistent link: https://www.econbiz.de/10011263593
We prove existence of stationary Markov perfect equilibria in an infinite-horizon model of legislative policy making in which the policy outcome in one period determines the status quo for the next. We allow for a multidimensional policy space and arbitrary smooth stage utilities, and we assume...
Persistent link: https://www.econbiz.de/10010594322
We study allocation rules that are robust to coalitional manipulation by transferring, merging, or splitting individual characteristics among coalition partners (e.g. merging or splitting claims in bankruptcy problems). Coalition formation is restricted by an exogenous network (a non-directed...
Persistent link: https://www.econbiz.de/10011043011
us to consider production complementarities previously outside the scope of matching theory. We show analogues of the …
Persistent link: https://www.econbiz.de/10011189755
An evolutionary style model of recontracting is given which guarantees convergence to core allocations of an underlying cooperative game. Unlike its predecessors in the evolution/learning literature, this is achieved without assumptions of convexity of the characteristic function or a reliance...
Persistent link: https://www.econbiz.de/10010582585
We study two cooperative solutions of a market with indivisible goods modeled as a generalized assignment game: Set-wise stability and Core. We establish that the Set-wise stable set is contained in the Core and contains the non-empty set of competitive equilibrium payoffs. We then state and...
Persistent link: https://www.econbiz.de/10011076674
We revisit the school choice problem with consent proposed by Kesten [12], which seeks to improve the efficiency of the …
Persistent link: https://www.econbiz.de/10011076678
Controlled choice over public schools attempts giving parents selection options while maintaining diversity of different student types. In practice, diversity constraints are often enforced by setting hard upper bounds and hard lower bounds for each student type. We demonstrate that, with hard...
Persistent link: https://www.econbiz.de/10010930799
Although a pilot national live-donor kidney exchange program was recently launched in the US, the kidney shortage is increasing faster than ever. A new solution paradigm is able to incorporate compatible pairs in exchange. In this paper, we consider an exchange framework that has both compatible...
Persistent link: https://www.econbiz.de/10011043010