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Assume that players strictly rank each other as coalition partners. We propose a procedure whereby they 'fall back' on their preferences, yielding internally compatible, or coherent, majority coalition(s), which we call fallback coalitions. If there is more than one fallback coalition, the...
Persistent link: https://www.econbiz.de/10013157458
Assume that players strictly rank each other as coalition partners. We propose a procedure whereby they "fall back" on their preferences, yielding internally compatible, or coherent, majority coalition(s), which we call fallback coalitions. If there is more than one fallback coalition, the...
Persistent link: https://www.econbiz.de/10008810998
-sided matching models. We show that the NYC/Boston mechanism fails to satisfy these fairness properties. We then propose two new …
Persistent link: https://www.econbiz.de/10011673364
Pareto optimal solution is strategy-proof if and only if the strong core correspondence is essentially single-valued, and the … solution is a strong core selection. Given this fact, this paper examines the equilibrium outcomes of the preference revelation … games when the strong core correspondence is not necessarily essentially single-valued. I show that for the preference …
Persistent link: https://www.econbiz.de/10003321321
optimal solution is strategy-proof if and only if the strong core correspondence is essentially single-valued, and the … solution is a strong core selection. Given this fact, this paper examines the equilibrium outcomes of the preference revelation … games when the strong core correspondence is not necessarily essentially single-valued. I show that for the preference …
Persistent link: https://www.econbiz.de/10012733933
Bargaining results emerge from the interplay of strategic options and social preferences. For every bargaining game, however, the advantage of a player having certain preferences in terms of negotiated equilibrium revenues might differ. We explore the hypothesis that preferences change according...
Persistent link: https://www.econbiz.de/10013008509
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 study problems of allocating objects among people. Some objects may be initially owned and the rest are unowned. Each person needs exactly one object and initially owns at most one object. We drop the common assumption of strict preferences. Without this assumption, it suffices to study...
Persistent link: https://www.econbiz.de/10014183375
paper, we introduce and formalize reciprocal preferences, apply them to matching markets, and analyze the implications for … acceptance mechanism can achieve stability. These results provide insights into non-standard preferences in matching markets, and …
Persistent link: https://www.econbiz.de/10014478421
We propose a solution to the trade-off between Pareto efficiency and stability in matching markets. We define a … matching to be essentially stable if any claim initiates a chain of reassignments that ultimately results in the initial …
Persistent link: https://www.econbiz.de/10012935844