Showing 1 - 10 of 146
We consider the problem of allocating several types of indivisible goods when preferences are separable and monetary transfers are not allowed. Our finding is that the coordinatewise application of strategy-proof and non-wasteful rules yields a strategy-proof rule with the following efficiency...
Persistent link: https://www.econbiz.de/10010250132
We study mechanism design in dynamic nonmonetary markets where objects are allocated to unit-demand agents with private types and quasi-linear payoffs in their waiting costs. We consider a general class of mechanisms that determine the joint distribution of the object assigned to each agent and...
Persistent link: https://www.econbiz.de/10012833053
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
When allocating indivisible objects, agents might have equal priority rights for some objects. A common practice is to break the ties using a lottery and randomize over deterministic allocation mechanisms. Such randomizations usually lead to unfairness and inefficiency ex-ante. We propose a...
Persistent link: https://www.econbiz.de/10012956467
We study airport slot allocation problems during weather-induced congestion. These real-life matching problems are important to airlines as the costs of delays are significant compared to their profits. We introduce a new mechanism, Multiple Trading Cycles (MTC), to allocate landing slots. In...
Persistent link: https://www.econbiz.de/10012901046
We provide priority-constrained versions of the ordinal efficiency welfare theorem for school choice lotteries. Moreover, we show that a constrained version of a cardinal second welfare theorem fails to hold, but can be restored for a relaxed notion of equilibrium with priority-specific prices
Persistent link: https://www.econbiz.de/10012853378
I prove that there exists no assignment mechanism that is strategy-proof, non-wasteful and satisfies equal treatment of equals. This strengthens the impossibility result of Bogomolnaia and Moulin (2001) by weakening their assumption of ordinal efficiency to non-wastefulness. My result solves an...
Persistent link: https://www.econbiz.de/10013021494
We give a direct proof of one-sided strategy-proofness for worker-firm matching under continuously transferable utility. A new “Lone Wolf” theorem (Jagadeesan et al. (2017)) for settings with transferable utility allows us to adapt the method of proving one-sided strategy-proofness that is...
Persistent link: https://www.econbiz.de/10012933003
We consider a many-to-many matching problem with a priority structure such as the one in undergraduate course allocation. In order to incorporate course priorities, we develop a deterministic pseudo-market mechanism with priority-specific prices that is based on the approximate competitive...
Persistent link: https://www.econbiz.de/10013216578
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