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We study a model of mechanism design in which the designer cannot force the players to use the mechanism. Instead they must voluntarily sign away their decision rights, and if they instead keep their decision rights they act on their own accord. We ask what social choice functions can be...
Persistent link: https://www.econbiz.de/10011203000
Although no stable matching mechanism can induce truth-telling as a dominant strategy for all participants (Roth, 1982), recent studies have presented conditions under which truthful reporting by all agents is close to optimal (Immorlica and Mahdian, 2005, Kojima and Pathak, 2009 and Lee,...
Persistent link: https://www.econbiz.de/10010963703
In variants of the Electronic Mail Game (Rubinstein, 1989) where two or more players communicate via multiple channels, the multiple channels can facilitate collective action via redundancy, the sending of the same message along multiple paths or else repeatedly along the same path (Chwe, 1995...
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A collaboration of medical professionals with economists and computer scientists involved in ?market design? had led to the redesign of the clearinghouse assigning medical students to internships in Israel. The new mechanism presents significant efficiency gains relative to the previous one, and...
Persistent link: https://www.econbiz.de/10011210458
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In a centralized marketplace that was designed to be simple, we identify participants whose choices are dominated. Using administrative data from Hungary, we show that college applicants make obvious mistakes: they forgo the free opportunity to receive a tuition waiver worth thousands of...
Persistent link: https://www.econbiz.de/10011819500
Many economic-theoretic models incorporate finiteness assumptions that, while introduced for simplicity, play a real role in the analysis. Such assumptions introduce a conceptual problem, as results that rely on finiteness are often implicitly nonrobust; for example, they may depend upon edge...
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