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This paper introduces tau-fairness as a compromise solution reconciling Pareto efficiency and equity in School Choice Problems. We show that, by considering a weak notion of equity that we refer to as lambda-equity, it is possible to contribute positively to solve an open debate, originated by...
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This paper provides an `escape route' from the efficiency-equity trade-off in the School Choice problem. We achieve our objective by presenting a weak notion of fairness, called τ-fairness, which is always satisfied by some allocation. Then, we propose the adoption of the Student Optimal...
Persistent link: https://www.econbiz.de/10011201269
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,...
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This paper introduces &tao;-fairness as a compromise solution reconciling Pareto efficiency and equity in School Choice Problems. We show that, by considering a weak notion of equity that we refer to as ¿-equity, it is possible to contribute positively to solve an open debate, originated by the...
Persistent link: https://www.econbiz.de/10009351638
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 allocations should be attained when agents act...
Persistent link: https://www.econbiz.de/10008542866