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Gale and Shapley (1962) proposed the deferred-acceptance algorithm for matching (i) college applicants and colleges and (ii) men and women. In the case of the latter, it produces either one or two stable matches whereby no man and woman would prefer to be matched with each other rather than with...
Persistent link: https://www.econbiz.de/10011109567
The Median Voter Theorem is an extremely popular result in Political Economy that holds only if the policy space is unidimensional. This assumption restricts its use to a class of very simple problems. In most applications in the literature this implied an oversimplification of the problem...
Persistent link: https://www.econbiz.de/10011109938
using a many-to-one matching framework. We characterize the equilibrium strategies of each college involving its early quota …
Persistent link: https://www.econbiz.de/10005789464
An allocation of indivisible items among n ≥ 2 players is proportional if and only if each player receives a proportional subset—one that it thinks is worth at least 1/n of the total value of all the items. We show that a proportional allocation exists if and only if there is an allocation...
Persistent link: https://www.econbiz.de/10011111823
The paper discusses opportunities to utilize the series of micro-blogs as provided by the Twitter in observation of opinion dynamics. The spontaneity of tweets is more, as the service is attached more to the mobile communications. The extraction of information in the series of tweets is...
Persistent link: https://www.econbiz.de/10008695068
The application of game theory and cognitive economy to analyze the problem of undesired location - The analysts of the processes of public bodies decision - taking have long been discussing on the establishment of proper strategies to manage "environmental conflicts" - above all the so-called...
Persistent link: https://www.econbiz.de/10011258906
The Nakamura number of a simple game plays a critical role in preference aggregation (or multi-criterion ranking): the number of alternatives that the players can always deal with rationally is less than this number. We comprehensively study the restrictions that various properties for a simple...
Persistent link: https://www.econbiz.de/10005260306
approximate cores; (c) the equal treatment property holds -- that is, both market equilibrium and the core treat similar players …
Persistent link: https://www.econbiz.de/10009328147
Acyclicity of individual preferences is a minimal assumption in social choice theory. We replace that assumption by the direct assumption that preferences have maximal elements on a fixed agenda. We show that the core of a simple game is nonempty for all profiles of such preferences if and only...
Persistent link: https://www.econbiz.de/10005837444
Negli ultimi tempi, fra gli studiosi dei processi di formazione delle scelte pubbliche è in corso un interessante dibattito volto ad individuare le tecniche più appropriate per gestire in maniera efficace (ovvero in tempi rapidi e garantendo la stabilità e la durevolezza delle decisioni o...
Persistent link: https://www.econbiz.de/10008876650