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We show that Ergin & Sönmez's (2006) results which show that for schools it is a dominant strategy to truthfully rank the students under the Boston mechanism, and that the Nash equilibrium outcomes in undominated strategies of the induced game are stable, rely crucially on two assumptions....
Persistent link: https://www.econbiz.de/10011473711
Inspired by the negotiations leading up to the Paris Agreement on climate change, I study a bargaining game where every party is proposing only its own contribution, before the set of pledges must be unanimously approved. I show that, with uncertain tolerance for delay, each equilibrium pledge...
Persistent link: https://www.econbiz.de/10013488863
We introduce a model of product development in a firm. Our model describes the process as a multi-stage contest (i.e., race) with an endogenous length (with one stage or two stages) between two workers. We model the payments to workers from the new product using the normatively appealing Nash...
Persistent link: https://www.econbiz.de/10012165947
I consider the problem of assigning agents to indivisible objects, in which each agent pays a price for his object and all prices sum to a given constant. The objective is to select an assignment-price pair that is envy-free with respect to the agents' true preferences. I propose a simple...
Persistent link: https://www.econbiz.de/10011517013
We consider two-sided matching markets with couples. First, we extend a result by Klaus and Klijn (2005, Theorem 3 ….3) and show that for any weakly responsive couples market there always exists a "double stable" matching, i.e., a matching … correspondence that assigns all double stable matchings is neither monotonic nor Nash implementable. -- Matching with couples …
Persistent link: https://www.econbiz.de/10003771299
implement the set of stable (i.e., fair) matchings (Theorem 1). We show that our characterization also holds for "sub-implementation …" and "sup-implementation" (Corollaries 3 and 4). Our second main result is a strong impossibility result: under incomplete …
Persistent link: https://www.econbiz.de/10012955586
We consider two-sided matching markets with couples. First, we extend a result by Klaus and Klijn (2005, Theorem 3 ….3) and show that for any weakly responsive couples market there always exists a "double stable" matching, i.e., a matching …
Persistent link: https://www.econbiz.de/10014215597
Studying the interaction between preference and capacity manipulation in matching markets, we prove that acyclicity is …
Persistent link: https://www.econbiz.de/10009291576
We consider the problem of matching a set of medical students to a set of medical residency positions (hospitals) under …
Persistent link: https://www.econbiz.de/10011817201
We consider general two-sided matching markets, so-called matching with contracts markets as introduced by Hatfield and … Milgrom (2005), and analyze (Maskin) monotonic and Nash implementable solutions. We show that for matching with contracts … stable correspondence is the minimal solution that is Pareto efficient, individually rational, and implementable. -- Matching …
Persistent link: https://www.econbiz.de/10003731666