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Pairing Games or Markets studied here are the non-two-sided NTU generalization of assignment games. We show that the Equilibrium Set is nonempty, that it is the set of stable allocations or the set of semistable allocations, and that it has several notable structural properties. We also...
Persistent link: https://www.econbiz.de/10010350435
Decentralized matching markets on the internet allow large numbers of agents to interact anonymously at virtually no … sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10009756276
In a dynamic model of assignment problems, small deviations suffice to move between stable outcomes. This result is used to obtain no-selection and almost-no-selection results under the stochastic stability concept for uniform and payoff-dependent errors. There is no-selection of partner or...
Persistent link: https://www.econbiz.de/10010376447
buy (sell) a single unit of an indivisible good. The core predicts a unique and extreme outcome: the entire surplus is … split evenly among the buyers when m gt; n and among the sellers when m lt; n; the long side gets nothing. We test this core … deviations from the core prediction, we find that successful collusion is infrequent in both new institutions. A disproportionate …
Persistent link: https://www.econbiz.de/10012722945
. The core predicts a unique and extreme outcome: the entire surplus is split evenly among the buyers when m > n and among … the sellers when m < n; the long side gets nothing. We test this core conjecture in the lab with n + m = 3 or 5 randomly … agreements while trading. Despite frequent attempts to collude and occasional large deviations from the core prediction, we find …
Persistent link: https://www.econbiz.de/10003782414
We consider the problem of axiomatizing the Shapley value on the class of assignment games. We first show that several axiomatizations of the Shapley value on the class of all TU-games do not characterize this solution on the class of assignment games by providing alternative solutions that...
Persistent link: https://www.econbiz.de/10014040150
One-sided assignment problems combine important features of two well-known matching models. First, as in roommate … problems, any two agents can be matched and second, as in two-sided assignment problems, the payoffs of a matching can be … with a non-empty core), if a subsolution of the core satisfies [indifference with respect to dummy agents, continuity, and …
Persistent link: https://www.econbiz.de/10014207008
(weak) core, unlike in many-to-one matching markets (Blair, 1988). In this paper, we seek a theoretical foundation for …It is known that in two-sided many-to-many matching markets, pair-wise stability is not logically related with the …-partner matching problem that includes two-sided matching problems as special cases. Under the same preference restriction, we also …
Persistent link: https://www.econbiz.de/10011593632
The absence of simultaneous cycles is a sufficient condition for the existence of singleton cores. Acyclicity in the preferences of either side of the market is a minimal condition that guarantees the existence of singleton cores
Persistent link: https://www.econbiz.de/10014178500
Decentralized matching markets on the internet allow large numbers of agents to interact anonymously at virtually no … sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10014157261