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The value is a solution concept for n-person strategic games, developed by Nash, Shapley, and Harsanyi. The value of a game is an a priori evaluation of the economic worth of the position of each player, reflecting the players' strategic possibilities, including their ability to make threats...
Persistent link: https://www.econbiz.de/10012806287
-sided matching models. We show that the NYC/Boston mechanism fails to satisfy these fairness properties. We then propose two new …
Persistent link: https://www.econbiz.de/10011673364
Strategy‐proofness (SP) is a sought‐after property in social choice functions because it ensures that agents have no incentive to misrepresent their private information at both the interim and ex post stages. Group strategy‐proofness (GSP), however, is a notion that is applied to the ex...
Persistent link: https://www.econbiz.de/10012806548
In a matching problem between students and schools, a mechanism is said to be robustly stable if it is stable, strategy …-proof, and immune to a combined manipulation, where a student first misreports her preferences and then blocks the matching that …
Persistent link: https://www.econbiz.de/10011694986
This paper studies the problem of assigning a set of indivisible objects to a set of agents when monetary transfers are not allowed and agents reveal only ordinal preferences, but random assignments are possible. We offer two characterizations of the probabilistic serial mechanism, which assigns...
Persistent link: https://www.econbiz.de/10011684921
We show that the class of preferences satisfying the Gross Substitutes condition of Kelso and Crawford (1982) is strictly larger than the class of Endowed Assignment Valuations of Hatfield and Milgrom (2005), thus resolving the open question posed by the latter paper. In particular, our result...
Persistent link: https://www.econbiz.de/10011673201
strategy-proofness and was introduced by Fernandez (2020). We also show that there is no efficient matching rule that weakly … Pareto dominates a stable matching rule and is regret-free truth-telling. Note that the original version of EDA by Kesten … (2010) weakly Pareto dominates a stable matching rule, but it is not efficient. …
Persistent link: https://www.econbiz.de/10014576700
Persistent link: https://www.econbiz.de/10001845777
Persistent link: https://www.econbiz.de/10003377176
We introduce a two-sided, many-to-one matching with contracts model in which agents with unit demand match to branches … matching markets with slot-specific priorities, branches' choice functions may not satisfy the substitutability conditions … typically crucial for matching with contracts. Despite this complication, we are able to show that stable outcomes exist in the …
Persistent link: https://www.econbiz.de/10011671965