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This paper provides a first insight into cost sharing rules for the continuous knapsack problem. Assuming a set of divisible items with weights from which a knapsack with a certain weight constraint is to be filled, different such (classes of) rules are discussed. Those - based on individual...
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We run laboratory experiments where subjects are matched to colleges, and colleges are not strategic agents. We test the Gale-Shapley Deferred Acceptance (DA) mechanism versus the Iterative Deferred Acceptance Mechanism (IDAM), a matching mechanism based on a new family of procedures being used...
Persistent link: https://www.econbiz.de/10011574107
We introduce a new mechanism for matching students to schools or universities, denoted Iterative Deferred Acceptance Mechanism (IDAM), inspired by procedures currently being used to match millions of students to public universities in Brazil and China. Unlike most options available in the...
Persistent link: https://www.econbiz.de/10011586814
We show that Ergin & Sönmez's (2006) results which show that for schools it is a dominant strategy to truthfully rank the students under the Boston mechanism, and that the Nash equilibrium outcomes in undominated strategies of the induced game are stable, rely crucially on two assumptions....
Persistent link: https://www.econbiz.de/10011473711
Ergin and Sönmez (2006) showed that for schools it is a dominant strategy to report their preferences truthfully under the Boston mechanism, and that the Nash equilibrium outcomes in undominated strategies of the induced game are stable. We show that these results rely crucially on two...
Persistent link: https://www.econbiz.de/10013003558
We study decentralized task coordination. Tasks are of varying complexity and agents asymmetric: agents capable of completing high-level tasks may also take on tasks originally contracted by lower-level agents, facilitating system-wide cost reductions. We suggest a family of decentralized...
Persistent link: https://www.econbiz.de/10012299210
We run laboratory experiments where subjects are matched to colleges, and colleges are not strategic agents. We test the Gale-Shapley Deferred Acceptance (DA) mechanism versus the Iterative Deferred Acceptance Mechanism (IDAM), a matching mechanism in which students make applications one at a...
Persistent link: https://www.econbiz.de/10012935327