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Stabile Allokationen und Matching-Märkte: Zum Nobelpreis für Wirtschaftswissenschaften an Lloyd S. Shapley und Alvin E. Roth
Kübler, Dorothea - In: Wirtschaftsdienst 92 (2012) 12, pp. 843-847
The Nobel prize in economics in 2012 was awarded to Lloyd S. Shapley and Alvin E. Roth for 'the theory of stable … foundations of the theory of stable allocations (in particular the celebrated deferred-acceptance algorithm) as well as the …-sided matching markets, such as school choice, labour markets and kidney exchange, relies on both theory as well as on empirical …
Persistent link: https://www.econbiz.de/10010471332
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Matching with Waiting Times: The German Entry-Level Labour Market for Lawyers
Dimakopoulos, Philipp D.; Heller, C.-Philipp - 2015
We study the allocation of German lawyers to different regional courts for their compulsory legal traineeship. The number of applicants exceeds the number of available positions in a given time period in some regions, so that not all lawyers can be matched simultaneously. As a consequence some...
Persistent link: https://www.econbiz.de/10011301749
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Competing with asking prices
Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2013
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10010291458
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A theory of simplicity in games and mechanism design
Pycia, Marek; Troyan, Peter - 2021
We introduce a general class of simplicity standards that vary the foresight abilities required of agents in extensive-form games. Rather than planning for the entire future of a game, agents are presumed to be able to plan only for those histories they view as simple from their current...
Persistent link: https://www.econbiz.de/10012588492
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Sequential School Choice with Public and Private Schools
Andersson, Tommy; Dur, Umut; Ertemel, Sinan; Kesten, Onur - 2018
Motivated by school admission systems used in, e.g., Turkey and Sweden, this paper investigates a sequential two-stage admission system with public and private schools. To perform the analysis, relevant axioms and equilibrium notions need to be tailored for the considered dynamic setting. In...
Persistent link: https://www.econbiz.de/10013208839
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An iterative deferred acceptance mechanism for decentralized, fast and fair childcare assignment
Reischmann, Tobias; Klein, Thilo; Giegerich, Sven - 2021
We design and implement an iterative, program-proposing deferred acceptance mechanism with ties (IDAT) and apply it to childcare assignment in two German cities. The mechanism can accommodate complementarities in providers' preferences, is fast to terminate even in larger cities, is difficult to...
Persistent link: https://www.econbiz.de/10012698588
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School Choice and Loss Aversion
Meisner, Vincent; von Wangenheim, Jonas - 2021
Evidence suggests that participants in direct student-proposing deferred-acceptance mechanisms (DA) play dominated strategies. To explain the data, we introduce expectation-based loss aversion into a school-choice setting and characterize choice-acclimating personal equilibria in DA. We find...
Persistent link: https://www.econbiz.de/10012799779
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Group identity and belief formation: A decomposition of political polarization
Bauer, Kevin; Chen, Yan; Hett, Florian; Kosfeld, Michael - 2023
How does group identity affect belief formation? To address this question, we conduct a series of online experiments with a representative sample of individuals in the US. Using the setting of the 2020 US presidential election, we find evidence of intergroup preference across three distinct...
Persistent link: https://www.econbiz.de/10014446331
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Reciprocal Preferences in Matching Markets
Opitz, Timm; Schwaiger, Christoph - 2023
Agents with reciprocal preferences prefer to be matched to a partner who also likes to collaborate with them. In this paper, we introduce and formalize reciprocal preferences, apply them to matching markets, and analyze the implications for mechanism design. Formally, the preferences of an agent...
Persistent link: https://www.econbiz.de/10014467722
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Group Identity and Belief Formation: A Decomposition of Political Polarization
Bauer, Kevin; Chen, Yan; Hett, Florian; Kosfeld, Michael - 2023
How does group identity affect belief formation? To address this question, we conduct a series of online experiments with a representative sample of individuals in the US. Using the setting of the 2020 US presidential election, we find evidence of intergroup preference across three distinct...
Persistent link: https://www.econbiz.de/10014469838