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Studying the interaction between preference and capacity manipulation in matching markets, we prove that acyclicity is a necessary and sufficient condition that guarantees the stability of a Nash equilibrium and the strategy-proofness of truthful capacity revelation under the hospital-optimal...
Persistent link: https://www.econbiz.de/10009291576
In this paper, we present a model of implementation where infea- sible allocations are converted into feasible ones through a process of renego- tiation that is represented by a reversion function. We describe the maximal set of Social Choice Correspondences that can be implemented in Nash Equi-...
Persistent link: https://www.econbiz.de/10014192915
Studying the interactions between preference and capacity manipulation in matching markets, we prove that acyclicity is a necessary and sufficient condition that guarantees the stability of a Nash equilibrium and the strategy-proofness of truthful capacity revelation under the hospital-optimal...
Persistent link: https://www.econbiz.de/10014225211
In this paper we present a model of implementation based on the idea that agents renegotiate unfeasible allocations. We characterize the maximal set of Social Choice Correspondences that can be implemented in Nash Equilibrium with a class of renegotiation functions that do not reward agents for...
Persistent link: https://www.econbiz.de/10014060727