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We extend the scope of random allocation mechanisms, in which the mechanism first identifies a feasible "expected allocation" and then implements it by randomizing over nearby feasible integer allocations. Previous literature had shown that the cases in which this is possible are sharply...
Persistent link: https://www.econbiz.de/10014146691
Persistent link: https://www.econbiz.de/10012819867
We prove that in a market where agents rank objects independently and uniformly at random, there exists an assignment of objects to agents with a constant average rank (i.e., an average rank independent of the market size). The proof builds on techniques from random graph theory and the FKG...
Persistent link: https://www.econbiz.de/10012806604
Lotteries are a common way to resolve ties in assignment mechanisms that ration resources. We consider a model with a continuum of agents and a finite set of re- sources with heterogeneous qualities, where the agents’ preferences are generated from a multinomial-logit (MNL) model based on the...
Persistent link: https://www.econbiz.de/10014536972
We prove that in a market where agents rank objects independently and uniformly at random, there exists an assignment of objects to agents with a constant average rank (i.e., an average rank independent of the market size). The proof builds on techniques from random graph theory and the FKG...
Persistent link: https://www.econbiz.de/10013189072
We study mechanism design in dynamic nonmonetary markets where objects are allocated to unit-demand agents with private types and quasi-linear payoffs in their waiting costs. We consider a general class of mechanisms that determine the joint distribution of the object assigned to each agent and...
Persistent link: https://www.econbiz.de/10012833053
We study the effects of thickness and competition on the equilibria of ride-sharing markets, in which price-setting firms provide platforms to match customers ("riders'') and workers ("drivers''). To study thickness, we vary the number of potential workers ("the labor pool'') and, to study...
Persistent link: https://www.econbiz.de/10012900714
We study matching policies in a dynamic exchange market with random compatibility, in which some agents are easier to match than others. In steady state this asymmetry creates an endogenous imbalance: hard-to-match agents wait for partners, while easy-to-match agents can match almost immediately...
Persistent link: https://www.econbiz.de/10012898083
Persistent link: https://www.econbiz.de/10012547392
We prove that in a market where agents rank objects independently and uniformly at random, there exists an assignment of objects to agents with a constant average rank (i.e., an average rank independent of the market size). The proof builds on techniques from random graph theory and the FKG...
Persistent link: https://www.econbiz.de/10013314218