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set of different objets instead of only one indivisible object. We propose definitions of pairwise stability and group … stability that are adapted to our framework. Existence of both pairwise and group stable outcomes is proved. We study the …
Persistent link: https://www.econbiz.de/10005823865
satisfies nice properties of internal and external stability. Though in many contexts and for some preference profiles there may … be no Condorcet winners, we study the extent to which stability can be made compatible with the requirement of choosing …
Persistent link: https://www.econbiz.de/10005823975
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/10005823987
. The respect for priorities ex ante (ex-ante stability) usually precludes ex-ante envy-freeness. Therefore I define a new … Zeckhauser' (1979) pseudomarket that meets ex-ante stability, no unjustified lower chances and ex-ante efficiency among agents of …
Persistent link: https://www.econbiz.de/10008866068
account for contemporaneous regime-specific co-movements of the variables. The stability and distributional properties of the …
Persistent link: https://www.econbiz.de/10008622207
not under the Boston mechanism. Both results have important implications for the efficiency and the stability of the …
Persistent link: https://www.econbiz.de/10008622208
We show that the full version of the so-called 'rural hospital theorem' (Roth, 1986) generalizes to many-to-many matching where agents on both sides of the market have separable and substitutable preferences.
Persistent link: https://www.econbiz.de/10009144867
In this note we show that no solution to coalition formation games can satisfy a set of axioms that we propose as reasonable. Our result points out that "solutions" to the coalition formation cannot be interpreted as predictions of what would be ìresting pointsî for a game in the way stable...
Persistent link: https://www.econbiz.de/10008584602
The rule of k names can be described as follows: given a set of candidates for office, a committee chooses k members from this set by voting, and makes a list with their names. Then a single individual from outside the committee selects one of the listed names for the office. Different variants...
Persistent link: https://www.econbiz.de/10008584609
We consider the following allocation problem: A fixed number of public facilities must be located on a line. Society is composed of N agents, who must be allocated to one and only one of these facilities. Agents have single peaked preferences over the possible location of the facilities they are...
Persistent link: https://www.econbiz.de/10008584610