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This paper studies the problem of assigning a set of indivisible objects to a set of agents when monetary transfers are not allowed and agents reveal only ordinal preferences, but random assignments are possible. We offer two characterizations of the probabilistic serial mechanism, which assigns...
Persistent link: https://www.econbiz.de/10011019198
A new mechanism was introduced in New York City and Boston to assign students to public schools. This mechanism was advocated for its superior fairness property, besides others. We introduce a new framework for school-choice problems and two notions of fairness in lottery design based on ex-ante...
Persistent link: https://www.econbiz.de/10011019208
This chapter surveys a sizable and growing literature on coalition formation. We refer to theories in which one or more groups of agents (“coalitionsâ€) deliberately get together to jointly determine within-group actions, while interacting noncooperatively across groups. The chapter...
Persistent link: https://www.econbiz.de/10011255412
We consider the problem of axiomatizing the Shapley value on the class of assignment games. We first show that several axiomatizations of the Shapley value on the class of all TU-games do not characterize this solution on the class of assignment games by providing alternative solutions that...
Persistent link: https://www.econbiz.de/10011256194
In this paper we consider one-to-many matching problems where the preferences of the agents involved are represented by monetary reward functions. We characterize Pareto optimal matchings by means of contractually exchange stability and matchings of maximum total reward by means of compensation...
Persistent link: https://www.econbiz.de/10011257556
The paper proposes a model of coopetitive-game (of normal-form type) and devote it to Greek crisis, conceiving this model at a macro level, with the aim of rebalancing the current account of Greece. The authors construct the game trying to represent feasible scenarios of the strategic...
Persistent link: https://www.econbiz.de/10011259675
This paper theorises how decision-makers in the EU legislative process reach consensual decisions and in which policy direction through a mechanism of “implicit voting”. I introduce spatial model coalitional bargaining using a utility function that incorporates decision-maker considerations...
Persistent link: https://www.econbiz.de/10011259837
The present paper provides a model of coopetitive game for environmental sustainability of a global green economy, looking for a win-win solution within a complex construct of a type originally devised by Branderburger and Nalebuff. The model here suggested is environmental sustainable since it...
Persistent link: https://www.econbiz.de/10011260256
We introduce a new matching model to mimic two-sided exchange programs such as tuition and worker exchange, in which each firm has to avoid being a net-exporter of workers. These exchanges use decentralized markets, making it difficult to achieve a balance between exports and imports. We show...
Persistent link: https://www.econbiz.de/10011196702
AbstractThe following sections are included:An Overview of the ModelFCS GamesConsiderable Solutions in FCS GamesThe CoreDetermination of the Feasible Condition StructuresA Coalition for Production and SaleA Production-and-Sale Coalition in a Steady StateOptimality within the CoalitionBargaining...
Persistent link: https://www.econbiz.de/10011206347