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model the principal-agent economy as a two-sided matching game and characterise the set of stable outcomes of this principal …-agent matching market. A simple mechanism to implement the set of stable outcomes is proposed. Finally, we put forward examples of …
Persistent link: https://www.econbiz.de/10011507906
bargain through some extensive game form. We take an implementation approach, characterizing the possible allocation rules …
Persistent link: https://www.econbiz.de/10005062338
Starting with an initial price vector, prices are adjusted in order to eliminate the demand excess and at the same time to keep the transfers to the sellers as low as possible. In each step of the auction, to which sellers should those transfers be made (minimal overdemanded sets) is the key...
Persistent link: https://www.econbiz.de/10010284074
Recently, several school districts in the US have adopted or consider adopting the Student-Optimal Stable mechanism or the Top Trading Cycles mechanism to assign children to public schools. There is evidence that for school districts that employ (variants of) the so-called Boston mechanism the...
Persistent link: https://www.econbiz.de/10010547129
In this paper we consider one-to-many matching problems where the preferences of the agents involved are represented by … matching to a matching of maximum total reward, one can always provide a compensation schedule that will be ex-post stable in … uses the fact that the core of an associated compensation matching game with constraints is nonempty. …
Persistent link: https://www.econbiz.de/10010373726
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
students often fail to grasp the strategic issues involved. The modified SDA algorithm significantly improves the matching for …
Persistent link: https://www.econbiz.de/10010307931
students often fail to grasp the strategic issues involved. The modified SDA algorithm significantly improves the matching for …
Persistent link: https://www.econbiz.de/10010281521
students often fail to grasp the strategic issues involved. The modified SDA algorithm significantly improves the matching for …
Persistent link: https://www.econbiz.de/10010286341
Evidence suggests that participants in direct student-proposing deferred-acceptance mechanisms (DA) play dominated strategies. To explain the data, we introduce expectation-based loss aversion into a school-choice setting and characterize choice-acclimating personal equilibria in DA. We find...
Persistent link: https://www.econbiz.de/10012698801