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-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
Persistent link: https://www.econbiz.de/10012499788
This paper considers the problem of allocating N indivisible objects among N agents according to their preferences when transfers are not allowed, and studies the tradeoff between fairness and efficiency in the class of strategy-proof mechanisms. The main finding is that for strategy-proof...
Persistent link: https://www.econbiz.de/10010438227
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
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
A common real-life problem is to fairly allocate a number of indivisible objects and a fixed amount of money among a group of agents. Fairness requires that each agent weakly prefers his consumption bundle to any other agent's bundle. In this context, fairness is incompatible with budget-balance...
Persistent link: https://www.econbiz.de/10011674186
Persistent link: https://www.econbiz.de/10011699768
We consider the problem of probabilistically allocating a single indivisible good among agents when monetary transfers are allowed. We construct a new strategy-proof rule, called the second price trading rule, and show that it is second best efficient. Furthermore, we give the second price...
Persistent link: https://www.econbiz.de/10010504686
This paper analyzes strategy-proof collective choice rules when individuals have single-crossing preferences on a finite and ordered set of social alternatives. It shows that a social choice rule is anonymous, unanimous, and strategy-proof on a maximal single-crossing domain if and only if it is...
Persistent link: https://www.econbiz.de/10011699125
Strategy-proofness, requiring that truth-telling be a dominant strategy, is a standard concept in social choice theory. However, this concept has serious drawbacks. In particular, many strategy-proof mechanisms have multiple Nash equilibria, some of which produce the wrong outcome. A possible...
Persistent link: https://www.econbiz.de/10011702527