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willingness to pay for quality, as well as a publicly observed label. A market designer controls allocation and pricing of a set …
Persistent link: https://www.econbiz.de/10012833161
We study the slot allocation problem where agents have quasi-linear single-peaked preferences over slots and identify …
Persistent link: https://www.econbiz.de/10012488906
resource allocation problems, their solutions, and their applications in three related domains. The first domain gives the … theoretical background regarding the basic models, namely house allocation and exchange problems. First, we investigate the … allocation and exchange problems separately, and then we combine them to present a real-life application: on-campus housing at …
Persistent link: https://www.econbiz.de/10014025686
Allokation auf diesen Märkten möglich ist, haben die beiden Nobelpreisträger untersucht. …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 …
Persistent link: https://www.econbiz.de/10009682493
claims. We focus on market-based allocation rules that impose a two-step procedure: assignment of rights based on claims …-assignment rules that guarantee that the allocation rules are fair. We apply our results to problems of greenhouse gas emissions and …
Persistent link: https://www.econbiz.de/10011538925
We review the theory of fairness as it pertains to concretely specified problems of resource allocations. We present …, as well as various families extending these notions. We also introduce relational notions specifying how allocation rules … ownership is mixed. We offer a number of characterizations of particular allocation rules. …
Persistent link: https://www.econbiz.de/10014025187
profile the number of agents who can manipulate the rule. Second, we show that maximally preferred fair allocation rules are … the minimally (individually and coalitionally) manipulable fair and budget-balanced allocation rules according to our new …
Persistent link: https://www.econbiz.de/10011674186
We study marriage problems where two groups of agents match to each other and probabilistic assignments are possible. When only ordinal preferences are observable, an extensively studied efficiency notion is stochastic dominance efficiency (sd-efficiency). First, we provide a characterization of...
Persistent link: https://www.econbiz.de/10014143817
We present a model in which mutual gains from trade motivate the use of termination provisions in merger contracts. The inclusion of a termination provision in the contract permits Pareto efficient merger contracts and results in strictly higher payoffs for both bidder and target compared to...
Persistent link: https://www.econbiz.de/10013068056
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