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Studying the interaction between preference and capacity manipulation in matching markets, we prove that acyclicity is a necessary and su!cient condition that guarantees the stability of a Nash equilibrium and the strategy-proofness of truthful capacity revelation under the hospital-optimal and...
Persistent link: https://www.econbiz.de/10009357767
This paper analyzes the role of acyclicity in singleton cores. We show that the absence of simultaneous cycles is a sufficient condition for the existence of singleton cores. Furthermore, acyclicity in the preferences of either side of the market is a minimal condition that guarantees the...
Persistent link: https://www.econbiz.de/10009357769
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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
The absence of simultaneous cycles is a sufficient condition for the existence of singleton cores. Acyclicity in the preferences of either side of the market is a minimal condition that guarantees the existence of singleton cores
Persistent link: https://www.econbiz.de/10014178500
In this study we present a simple mechanism in a many-to-one matching market where multiple costless applications are allowed. The mechanism is based on the principles of eligibility and priority and it implements the set of stable matchings in Subgame Perfect Nash Equilibrium. We extend the...
Persistent link: https://www.econbiz.de/10014191336
Studying the interactions between preference and capacity manipulation in matching markets, we prove that acyclicity is a necessary and sufficient condition that guarantees the stability of a Nash equilibrium and the strategy-proofness of truthful capacity revelation under the hospital-optimal...
Persistent link: https://www.econbiz.de/10014225211
The paper seeks to formalize the notion of effective freedom or the freedom to realize meaningful choices. The definition of meaningful choice used in this paper is based on the preference orderings that a reasonable person may have. I argue that only alternatives that can be selected by a...
Persistent link: https://www.econbiz.de/10014137636