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). Finally, adding a consistency axiom, the two optimal rules are characterized in the general domain of allocation rules for two …
Persistent link: https://www.econbiz.de/10011901866
Many real-life applications of house allocation problems are dynamic. For example, in the case of on-campus housing for …, we introduce a model of house allocation with overlapping agents. In terms of dynamic mechanism design, we examine two …-proofness. We provide another simple dynamic mechanism that is strategy-proof and Pareto efficient. -- house allocation …
Persistent link: https://www.econbiz.de/10003883281
Persistent link: https://www.econbiz.de/10009152626
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 house (re)allocation problems (Shapley and Scarf, 1974) with strict preferences. We are concerned with the …
Persistent link: https://www.econbiz.de/10012921955
We study the implementation of social choice rules in environments with externalities. We prove the impossibility of implementing efficient and α-individually rational rules in dominant strategies. We prove that the α-core is implementable in Nash equilibrium under mild restrictions and it is...
Persistent link: https://www.econbiz.de/10012824212
We present the renegotiable acceptance mechanism in the context of the multi-unit assignment problem. This mechanism combines features of the immediate and deferred acceptance mechanisms and implements the set of stable matchings in both Nash and undominated Nash equilibria under substitutable...
Persistent link: https://www.econbiz.de/10012913506
We consider house allocation problems (Shapley and Scarf, 1974) with strict preferences. We introduce a new axiom …
Persistent link: https://www.econbiz.de/10012961731
We introduce and analyze an efficiency criterion for probabilistic assignment of objects, when only ordinal preference information is available. This efficiency criterion is based on the following domination relation: a probabilistic assignment dominates another assignment if it is ex-ante...
Persistent link: https://www.econbiz.de/10012969319
We present the conditional acceptance mechanism for the course allocation problem. This mechanism combines features of … Nash and undominated Nash equilibria under substitutable preferences and priorities. We model the post-allocation …-of-equilibrium play and implements the set of stable allocation in Subgame Perfect Nash equilibrium under slot-specific preferences and …
Persistent link: https://www.econbiz.de/10014029967