Showing 1 - 10 of 632,902
In priority-based matching problems, there is a trade-off between efficiency andreducing justified-envy. We show that … finding an efficient and justified-envy minimalmatching is an NP-hard problem when objects have weak priority rankings … and strategyproof mechanisms and show thatno group-strategyproof mechanism minimizes justified-envy in that class. Then …
Persistent link: https://www.econbiz.de/10012828839
We consider the problem of allocating several types of indivisible goods when preferences are separable and monetary transfers are not allowed. Our finding is that the coordinatewise application of strategy-proof and non-wasteful rules yields a strategy-proof rule with the following efficiency...
Persistent link: https://www.econbiz.de/10010250132
We propose a model of sharing of public services among local governments. Our model is an application of Nicolo et al. (2023) and combines features of two models: assignment games (Shapley and Shubik (1971)) and the division problem (Sprumont (1991)). We provide an algorithm (The Simple SAM)...
Persistent link: https://www.econbiz.de/10014346500
mild fairness notion called local envy-freeness, some new theoretical support is provided for this widely used rule in … practice. Among strategy-proof, symmetric and locally envy-free rules, there exists an ex-post constrained efficient (ex … strategy-proof, ex-post stable and locally envy-free rules, there exists one that is symmetric at the top if and only if DA …
Persistent link: https://www.econbiz.de/10012844514
A choice rule with affirmative action decides on the recipients of a limited number of identical objects by reconciling two objectives: respecting a priority ordering over the applicants and supporting a minority group. We introduce axioms on choice rules based on the principle that affirmative...
Persistent link: https://www.econbiz.de/10012831264
random allocations from deterministic allocation mechanisms. Insights from the two-sided matching theory and the recent …
Persistent link: https://www.econbiz.de/10012956467
We study the indivisible object allocation problem without monetary transfer, in which each object is endowed with a weak priority ordering over agents. It is well known that stability is generally not compatible with efficiency in this problem. We characterize the priority structures for which...
Persistent link: https://www.econbiz.de/10013032068
Interdistrict school choice programs-where a student can be assigned to a school outside of her district-are widespread in the US, yet the market-design literature has not considered such programs. We introduce a model of interdistrict school choice and present two mechanisms that produce stable...
Persistent link: https://www.econbiz.de/10014109204
School choice programs aim to give students the option to choose their school. At the same time, underrepresented minority students should be favored to close the opportunity gap. A common way to achieve this is to have a majority quota at each school, and to require that no school be assigned...
Persistent link: https://www.econbiz.de/10014143818
This paper studies housing markets in the presence of constraints on the number of agents involved in exchanges. We search for mechanisms satisfying effective endowments-swapping proofness, which requires that no pair of agents can gain by “individually rational” swapping their endowments...
Persistent link: https://www.econbiz.de/10014258772