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We consider general two-sided matching markets, so-called matching with contracts markets as introduced by Hatfield and Milgrom (2005), and analyze (Maskin) monotonic and Nash implementable solutions. We show that for matching with contracts markets the stable correspondence is monotonic and...
Persistent link: https://www.econbiz.de/10009452484
We consider two-sided matching markets with couples. First, we extend a result by Klaus and Klijn (2005, Theorem 3.3) and show that for any weakly responsive couples market there always exists a "double stable" matching, i.e., a matching that is stable for the couples market and for any...
Persistent link: https://www.econbiz.de/10009452542
[This item is a preserved copy. To view the original, visit http://econtheory.org/] Strategy-proofness, requiring that truth-telling be a dominant strategy, is a standard concept in social choice theory. However, this concept has serious drawbacks. In particular, many strategy-proof mechanisms...
Persistent link: https://www.econbiz.de/10009455268
[This item is a preserved copy. To view the original, visit http://econtheory.org/] The paper considers the communication complexity (measured in bits or real numbers) of Nash implementation of social choice rules. A key distinction is whether we restrict to the traditional one-stage mechanisms...
Persistent link: https://www.econbiz.de/10009455390