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Persistent link: https://www.econbiz.de/10015070826
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
Despite the truthful dominant strategy, participants in strategy-proof me- chanisms submit manipulated preferences. In our model, participants dislike rejections and enjoy the confirmation from getting what they declared most desirable. Formally, the payoff from a match decreases in its position...
Persistent link: https://www.econbiz.de/10012648382
We evaluate the goal of maximizing the number of individually rational assignments. We show that it implies incentive, fairness, and implementation impossibilities. Despite that, we present two classes of mechanisms that maximize assignments. The first are Pareto efficient, and undominated - in...
Persistent link: https://www.econbiz.de/10011793994
Shortages in organs for transplantation have resulted in a renewed interest in designing incentive policies to promote organ supply. The donor‐priority rule, which grants priority for transplantation based on deceased organ donor registration status, has proven to be effective in both theory...
Persistent link: https://www.econbiz.de/10012806942
Many scarce public resources are allocated at below-market-clearing prices, and sometimes for free. Such "non-market" mechanisms necessarily sacrifice some surplus, yet they can potentially improve equity. In this paper, we develop a model of mechanism design with redistributive concerns. Agents...
Persistent link: https://www.econbiz.de/10012833161
Goods and services---public housing, medical appointments, schools---are often allocated to individuals who rank them similarly but differ in their preference intensities. We characterize optimal allocation rules when individual preferences are known and when they are not. Several insights...
Persistent link: https://www.econbiz.de/10013214722
In 56 developing and developed countries, blood component donations by volunteer non-remunerated donors can only meet less than 50% of the demand. In these countries, blood banks rely heavily on replacement donor programs that provide blood to patients in return for donations made by their close...
Persistent link: https://www.econbiz.de/10013225066
In the allocation of indivisible objects under weak priorities, a common practice is to break the ties using a lottery and randomize over deterministic mechanisms. Such randomizations usually lead to unfairness and inefficiency ex-ante. We propose and study the concept of ex-ante fairness for...
Persistent link: https://www.econbiz.de/10014635425
Persistent link: https://www.econbiz.de/10011346884