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We address the scheduling problem of reordering an existing queue into its efficient order through trade. To that end, we consider individually rational and balanced budget direct and indirect mechanisms. We show that this class of mechanisms allows us to form efficient queues provided that...
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such a heuristic, and the conditions under which bad heuristics are sustainable. We also discuss this heuristic and the … beauty premium in the context of Becker's economic theory of discrimination, wherein rational decision-makers trade …
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