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bargain through some extensive game form. We take an implementation approach, characterizing the possible allocation rules …
Persistent link: https://www.econbiz.de/10005062338
model the principal-agent economy as a two-sided matching game and characterize the set of stable outcomes of this principal …-agent matching market. A simple mechanism to implement the set of stable outcomes is proposed. Finally, we put forward examples of …
Persistent link: https://www.econbiz.de/10005572268
Recently, several school districts in the US have adopted or consider adopting the Student-Optimal Stable mechanism or the Top Trading Cycles mechanism to assign children to public schools. There is evidence that for school districts that employ (variants of) the so-called Boston mechanism the...
Persistent link: https://www.econbiz.de/10010547129
I consider the problem of assigning agents to indivisible objects, in which each agent pays a price for his object and all prices sum to a given constant. The objective is to select an assignment-price pair that is envy-free with respect to the agents' true preferences. I propose a simple...
Persistent link: https://www.econbiz.de/10004980213
We study the problem of allocating workers to different projects in which each project requires having a minimum number of workers assigned to it or else it does not open. We show that the well-known serial dictatorship mechanism is neither strategy-proof nor Pareto efficient. Thus, we propose...
Persistent link: https://www.econbiz.de/10011158458
(partially) group strategy-proof, in appropriate domains of definition. That is so for solutions to matching, division, cost …
Persistent link: https://www.econbiz.de/10011115552
students often fail to grasp the strategic issues involved. The modified SDA algorithm significantly improves the matching for …
Persistent link: https://www.econbiz.de/10010886875
)), have stimulated the development of the theory on incentives for the one-to-one two-sided matching models with money as a …
Persistent link: https://www.econbiz.de/10010875475
We prove a “General Manipulability Theorem” for general one-to-one two-sided matching markets with money. This theorem …
Persistent link: https://www.econbiz.de/10010875486
The problem of allocating indivisible objects to different agents, where each individual is assigned at most one object, has been widely studied. Pápai (2000) shows that the set of strategy-proof, nonbossy, Pareto optimal and reallocation-proof rules are hierarchical exchange rules |...
Persistent link: https://www.econbiz.de/10010851167