Showing 1 - 10 of 361
This paper studies the problem of assigning a set of indivisible objects to a set of agents when monetary transfers are not allowed and agents reveal only ordinal preferences, but random assignments are possible. We offer two characterizations of the probabilistic serial mechanism, which assigns...
Persistent link: https://www.econbiz.de/10011684921
We study problems of allocating objects among people. Some objects may be initially owned and the rest are unowned. Each person needs exactly one object and initially owns at most one object. We drop the common assumption of strict preferences. Without this assumption, it suffices to study...
Persistent link: https://www.econbiz.de/10014183375
We revisit the classical object reallocation problem under strict preferences. When attention is constrained to the set of Pareto-efficient rules, it is known that TTC is the only rule that is strategyproof and individually-rational. We hence relax this constraint and consider pair-efficiency. A...
Persistent link: https://www.econbiz.de/10013308232
We search for impartiality in the allocation of objects when monetary transfers are not possible. Our main focus is anonymity. The standard definition requires that if agents' names are permuted, their assignments should be permuted in the same way. Since no rule satisfies this definition in...
Persistent link: https://www.econbiz.de/10010487558
We consider house allocation problems (Shapley and Scarf, 1974) with strict preferences. We introduce a new axiom called pre-exchange-proofness, which states that no pair of agents gain by exchanging their endowments with each other prior to the operation of the chosen rule. We establish that a...
Persistent link: https://www.econbiz.de/10012961731
We consider house (re)allocation problems (Shapley and Scarf, 1974) with strict preferences. We are concerned with the possibility that a pair of agents may gain by swapping their endowments before the operation of the chosen rule. A rule is called endowments-swapping-proof if it is immune to...
Persistent link: https://www.econbiz.de/10012921955
We prove that group strategy-proofness and strategy-proofness are equivalent requirements on stable mechanisms in priority-based resource allocation problems with multi-unit demand. The result extends to the model with contracts
Persistent link: https://www.econbiz.de/10012901146
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
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
We present a survey of the emerging literature on the design of matching markets. We survey the articles on discrete resource allocation problems, their solutions, and their applications in three related domains. The first domain gives the theoretical background regarding the basic models,...
Persistent link: https://www.econbiz.de/10014025686