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The most successful human societies are those that have found better ways to promote cooperative behaviour. Yet, cooperation is individually costly and, therefore, it often breaks down, leading to enormous social costs. In this article, I review the literature on the mechanisms and interventions...
Persistent link: https://www.econbiz.de/10014358292
Widening access to higher education remains a significant policy challenge. While meeting student intake targets in university admissions is notoriously difficult, additionally pursuing access targets makes universities’ decision problem even more complicated. We introduce a choice procedure,...
Persistent link: https://www.econbiz.de/10014256173
The random priority (random serial dictatorship) mechanism is a common method for assigning objects to individuals. The mechanism is easy to implement and strategy-proof. However this mechanism is inefficient, as the agents may be made all better off by another mechanism that increases their...
Persistent link: https://www.econbiz.de/10005762718
We study the problem of assigning a set of objects to a set of agents, when each agent receives one object and has strict preferences over the objects. In the absence of monetary transfers, we focus on the probabilistic rules, which take the ordinal preferences as input. We characterize the...
Persistent link: https://www.econbiz.de/10010594323
Many real matching markets are subject to distributional constraints. These constraints often take the form of restrictions on the numbers of agents on one side of the market matched to certain subsets on the other side. Real-life examples include restrictions on regions in medical matching,...
Persistent link: https://www.econbiz.de/10011107217
In this paper we give a survey of recent works on game theory devoted to modeling of decision making process under bounded rationality. An agent's deviation from rational choice understood as maximization of gain can be caused by moral principles (religious beliefs, altruism, patriotism),...
Persistent link: https://www.econbiz.de/10010895070
This paper studies the strategic foundations of the Representative Voter Theorem (Rothstein, 1991), also called the second version of the Median Voter Theorem. As a by-product, it also considers the existence of non-trivial strategy-proof social choice functions over the domain of...
Persistent link: https://www.econbiz.de/10010323146
Die vorliegende Arbeit untersucht die Aufteilung eines Budgets auf mehrere öffentliche Güter mittels einer Abstimmung. Hierzu betrachten wir Abstimmungsregeln, unter denen jeder Agent eine Budgetaufteilung vorschlägt und dann aus diesen Vorschlägen eine Budgetaufteilung (Allokation) bestimmt...
Persistent link: https://www.econbiz.de/10011889538
This paper provides three short and very simple proofs of the classical Gibbard-Satterthwaite theorem. The theorem is first proved in the case with only two individuals in the economy. The many individual case follows then from an induction argument (over the number of individuals). The proof of...
Persistent link: https://www.econbiz.de/10013208397
Die vorliegende Arbeit untersucht die Aufteilung eines Budgets auf mehrere öffentliche Güter mittels einer Abstimmung. Hierzu betrachten wir Abstimmungsregeln, unter denen jeder Agent eine Budgetaufteilung vorschlägt und dann aus diesen Vorschlägen eine Budgetaufteilung (Allokation) bestimmt...
Persistent link: https://www.econbiz.de/10012654078