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We study efficient and stable mechanisms in matching markets when the number of agents is large and individuals …' preferences and priorities are drawn randomly. When agents' preferences are uncorrelated, then both efficiency and stability can …
Persistent link: https://www.econbiz.de/10013018428
We study Pareto efficient mechanisms in matching markets when the number of agents is large and individual preferences …
Persistent link: https://www.econbiz.de/10013018433
We study Pareto efficient mechanisms in matching markets when the number of agents is large and individual preferences …
Persistent link: https://www.econbiz.de/10011855867
---robust equilibrium---that requires only an asymptotically optimal behavior. We use it to study large random matching markets operated by … be non-truthful in robust equilibrium; however, the outcome must be arbitrarily close to the stable matching. Our results … preferences of mistaken agents, one should assume stable matching but not truth-telling …
Persistent link: https://www.econbiz.de/10014079700
We study Pareto efficient mechanisms in matching markets when the number of agents is large and individual preferences …
Persistent link: https://www.econbiz.de/10012010026
The random priority (random serial dictatorship) mechanism is a common method for assigning objects to individuals. The mechanism is easy to implement and strategy-proof. However this mechanism is inefficient, as the agents may be made all better off by another mechanism that increases their...
Persistent link: https://www.econbiz.de/10012770179
We study top trading cycles in a two-sided matching environment (Abdulkadiroglu and Sonmez (2003)) under the assumption …
Persistent link: https://www.econbiz.de/10013018434
The random priority (random serial dictatorship) mechanism is a common method for assigning objects to individuals. The mechanism is easy to implement and strategy-proof. However this mechanism is inefficient, as the agents may be made all better off by another mechanism that increases their...
Persistent link: https://www.econbiz.de/10005762718
The Boston mechanism is among the most popular school choice procedures in use. Yet, the mechanism has been criticized for its poor incentive and welfare performances, which led the Boston Public Schools to recently replace it with Gale and Shapley's deferred acceptance algorithm (henceforth,...
Persistent link: https://www.econbiz.de/10013156633
The Boston mechanism is among the most popular school choice procedures in use. Yet, the mechanism has been criticized for its poor incentive and welfare performances, which led the Boston Public Schools to recently replace it with Gale and Shapley's deferred acceptance algorithm (henceforth,...
Persistent link: https://www.econbiz.de/10013157013