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We study a large market model of dynamic matching with no monetary transfers and a continuum of agents. Time is …
Persistent link: https://www.econbiz.de/10013217482
We study a large market model of dynamic matching with no monetary transfers and a continuum of agents who have to be …
Persistent link: https://www.econbiz.de/10015332595
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
For object reallocation problems, if preferences are strict but otherwise unrestricted, the Top Trading Cycle rule (TTC) is the leading rule: It is the only rule satisfying efficiency, the endowment lower bound, and strategy-proofness; moreover, TTC coincides with the core. However, on the...
Persistent link: https://www.econbiz.de/10012846021
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
Market design and matching have been especially important for markets in which the use of money is viewed as repugnant …
Persistent link: https://www.econbiz.de/10012896324
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In the matching with contracts setting, we provide two new axiomatic characterizations of the "cumulative offer process …
Persistent link: https://www.econbiz.de/10013016575
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