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This paper studies the possibility of strategy-proof rules yielding satisfactory solutions to matching problems …. Alcalde and Barberá (1994) show that effcient and individually rational matching rules are manipulable in the one …-to-one matching model. We pursue the possibility of strategy-proof matching rules by relaxing effciency to the weaker condition of …
Persistent link: https://www.econbiz.de/10010332209
This paper studies the possibility of strategy-proof rules yielding satisfactory solutions to matching problems …. Alcalde and Barberá (1994) show that effcient and individually rational matching rules are manipulable in the one …-to-one matching model. We pursue the possibility of strategy-proof matching rules by relaxing effciency to the weaker condition of …
Persistent link: https://www.econbiz.de/10003397473
-proof mechanism that is constrained efficient, i.e. that always produces a stable matching that is not Pareto-dominated by another … stable matching. We characterize all solvable priority structures satisfying the following two restrictions: (A) Either there …
Persistent link: https://www.econbiz.de/10011937252
This paper studies the possibility of strategy-proof rules yielding satisfactory solutions to matching problems …. Alcalde and Barberá (1994) show that efficient and individually rational matching rules are manipulable in the one …-to-one matching model. We pursue the possibility of strategy-proof matching rules by relaxing efficiency to the weaker condition of …
Persistent link: https://www.econbiz.de/10014053961
of which produce the wrong outcome. A possible solution to this problem is to require double implementation in Nash … equilibrium and in dominant strategies, i.e., secure implementation. We characterize securely implementable social choice … functions and investigate the connections with dominant strategy implementation and robust implementation. We show that in …
Persistent link: https://www.econbiz.de/10011702527
agents in society. The implementation problem is then formulated: under what circumstances can one design a mechanism so that …. The theory of implementation or mechanism design formalizes this "social engineering" problem and provides answers to the … question just posed. I survey the theory of implementation in this article, emphasizing the results based on two behavioral …
Persistent link: https://www.econbiz.de/10014064932
rationalizable implementation. Set-monotonicity is much weaker than Maskin monotonicity, which is the key condition for Nash … implementation and which also had been shown to be necessary for rationalizable implementation of social choice functions. Set …-monotonicity reduces to Maskin monotonicity in the case of functions. We conclude that the conditions for rationalizable implementation are …
Persistent link: https://www.econbiz.de/10011483605
; results (2) and (3) are more relevant for practical implementation than similar results in the literature. In addition, for N …
Persistent link: https://www.econbiz.de/10010438227
In discrete exchange economies with possibly redundant and joint ownership, we propose new core notions in the conventional flavor by regarding endowments as rights to consume or trade with others. Our key idea is to identify self-enforcing coalitions and to redistribute their redundant property...
Persistent link: https://www.econbiz.de/10012839675
We consider a priority based allocation problem with general weak priorities. We focus on two strategy-proof mechanisms: the deferred acceptance (DA) mechanism and the top trading cycles (TTC) mechanism. We give two conditions on weak priority structures whereby each of the DA mechanism and TTC...
Persistent link: https://www.econbiz.de/10012900300