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The allocation and exchange of discrete resources, such as transplant organs, pub- lic housing, dormitory rooms, and many other resources for which agents have single-unit demand, is often conducted via direct mechanisms without monetary transfers. Incentive compatibility and ef?ciency are...
Persistent link: https://www.econbiz.de/10011704830
good economy, can also be used to provide a diagrammatical exposition of matching mechanisms and their effects on public … good supply and welfare. In particular, we describe, on the one hand, for which income distributions interior matching … equilibria result and, on the other hand, for which income distributions the agents voluntarily participate in a matching …
Persistent link: https://www.econbiz.de/10012016875
We observe that three salient solutions to matching, division and house allocation problems are not only (partially …
Persistent link: https://www.econbiz.de/10013033174
Allocation and exchange of discrete resources such as kidneys, school seats, and many other resources for which agents have single-unit demand is conducted via direct mechanisms without monetary transfers. Incentive compatibility and efficiency are primary concerns in designing such mechanisms....
Persistent link: https://www.econbiz.de/10014221357
(partially) group strategy-proof, in appropriate domains of definition. That is so for solutions to matching, division, cost …
Persistent link: https://www.econbiz.de/10013031379
Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner … results by a simple numerical example. -- public goods ; matching ; Pareto optimality …
Persistent link: https://www.econbiz.de/10009011305
, utility must be transferable both within marriage and upon divorce, and the marginal rate of substitution between public and … that if divorce alters the way some goods are consumed (either because some goods that are public in marriage become …
Persistent link: https://www.econbiz.de/10013317197
We examine a monopolistic supplier's decision about a pure public good when he/she must negotiate with beneficiaries of the good. In our model, while the level of the public good is decided unilaterally by the supplier, the cost share of the public good is negotiated between the supplier and...
Persistent link: https://www.econbiz.de/10011338329
Persistent link: https://www.econbiz.de/10013487269
Persistent link: https://www.econbiz.de/10012589696