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The Robustness of Quadratic Voting
Weyl, E. Glen - 2016
Lalley and Weyl (2016) propose a mechanism for binary collective decisions, Quadratic Voting, and prove its approximate efficiency in large populations in a stylized environment. They motivate their proposal substantially based on its greater robustness when compared with pre-existing efficient...
Persistent link: https://www.econbiz.de/10014036333
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Characterizing pairwise strategy-proof rules in object allocation problems with money
Shinozaki, Hiroki - 2022
We consider the problem of allocating a single object to the agents with payments. Agents have preferences that are not necessarily quasi-linear. We characterize the class of rules satisfying pairwise strategy-proofness and non-imposition by the priority rule. Our characterization result remains...
Persistent link: https://www.econbiz.de/10013350780
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Characterizing Pairwise Strategy-Proof Rules in Object Allocation Problems with Money
Shinozaki, Hiroki - 2023
We consider the problem of allocating a single object to the agents with payments. Agents have preferences that are not necessarily quasi-linear. We characterize the class of rules satisfying pairwise strategy-proofness and non-imposition by the priority rule. Our characterization result remains...
Persistent link: https://www.econbiz.de/10014357437
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High Frequency Fairness
Haeringer, Guillaume; Melton, Hayden - 2020
The emergence of high frequency trading has resulted in `bursts' of orders arriving at an exchange (nearly) simultaneously, yet most electronic financial exchanges implement the continuous limit order book which requires processing of orders serially. Contrary to an assumption that appears...
Persistent link: https://www.econbiz.de/10014352148
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Competing with asking prices
Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2013
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10009696885
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Optimal truncation in matching markets
Coles, Peter A.; Shorrer, Ran - 2013
Since no stable matching mechanism can induce truth-telling as a dominant strategy for all participants, there is often room in matching markets for strategic misrepresentation (Roth [25]). In this paper we study a natural form of strategic misrepresentation: reporting a truncation of one's true...
Persistent link: https://www.econbiz.de/10009756282
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Decision making process in energy market with producers of different profiles
Kakogiannis, Nikolaos - In: Spoudai : journal of economics and business 63 (2013) 1/2, pp. 75-93
The purpose of this paper is to formulate and study a game where there is a player who is involved for a long time interval and several small players who stay in the game for short time intervals. Examples of such games abound in practice. For example a Bank is a long-term player who stays in...
Persistent link: https://www.econbiz.de/10010255679
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Stabile Allokationen und Matching-Märkte : zum Nobelpreis für Wirtschaftswissenschaften an Lloyd S. Shapley und Alvin E. Roth
Kübler, Dorothea - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 92 (2012) 12, pp. 843-847
The Nobel prize in economics in 2012 was awarded to Lloyd S. Shapley and Alvin E. Roth for “the theory of stable … foundations of the theory of stable allocations (in particular the celebrated deferred-acceptance algorithm) as well as the …-sided matching markets, such as school choice, labour markets and kidney exchange, relies on both theory as well as on empirical …
Persistent link: https://www.econbiz.de/10009682493
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Competing with Asking Prices
Lester, Benjamin R. - 2013
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10013087203
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Competing with Asking Prices
Lester, Benjamin R. - 2013
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10013087422