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and strong Nash equilibrium the set of true envy-free allocations. …
Persistent link: https://www.econbiz.de/10010322828
I consider the problem of assigning agents to objects where each agent must pay the price of the object he gets and prices must sum to a given number. The objective is to select an assignment-price pair that is envy-free with respect to the true preferences. I prove that the proposed mechanism...
Persistent link: https://www.econbiz.de/10005582632
stable matchings in Nash equilibrium and the student's optimum in strong equilibrium. The mechanism also implements the … students' optimum, in Nash equilibrium, under the class of "non-reverse" preferences. All these properties come from the fact …
Persistent link: https://www.econbiz.de/10005370567
and strong Nash equilibrium the set of true envy-free allocations. …
Persistent link: https://www.econbiz.de/10004980213
and strong Nash equilibrium the set of true envy-free allocations. …
Persistent link: https://www.econbiz.de/10011517013
We study assignment problems with externalities where agents have expectations about the reactions of other agents to group deviations. We present notions of core consistent with such expectations and identify the largest and smallest cores. We restrict the domain of preferences to study the...
Persistent link: https://www.econbiz.de/10014358116
In discrete exchange economies with possibly redundant and joint ownership, we propose new core notions in the conventional flavor by regarding endowments as rights to consume or trade with others. Our key idea is to identify self-enforcing coalitions and to redistribute their redundant property...
Persistent link: https://www.econbiz.de/10012839675
equilibrium under mild restrictions and it is the minimal social choice rule with such characteristics …
Persistent link: https://www.econbiz.de/10012824212
Organizations (especially firms) often rotate employees' jobs from period to period. We propose a market design approach to organize job rotation in any given period. In our model each employee has occupied a position. Rotation requires that the occupier of a position must leave if any other...
Persistent link: https://www.econbiz.de/10012897605
Yu and Zhang (2020) propose a job rotation model to study rotation schemes thatwidely exist in real life. In the model agents' rights to consume own endowmentsare restricted, but their rights to trade endowments are unrestricted. This poses aninteresting contrast with the housing market model of...
Persistent link: https://www.econbiz.de/10012836823