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Pairing Games or Markets studied here are the non-two-sided NTU generalization of assignment games. We show that the Equilibrium Set is nonempty, that it is the set of stable allocations or the set of semistable allocations, and that it has several notable structural properties. We also...
Persistent link: https://www.econbiz.de/10010781883
We study the allocation of German lawyers to different regional courts for their compulsory legal traineeship. The number of applicants exceeds the number of available positions in a given time period in some regions, so that not all lawyers can be matched simultaneously. As a consequence some...
Persistent link: https://www.econbiz.de/10011301749
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/10010333361
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/10010343101
We show that the class of preferences satisfying the Gross Substitutes condition of Kelso and Crawford (1982) is strictly larger than the class of Endowed Assignment Valuations of Hatfield and Milgrom (2005), thus resolving the open question posed by the latter paper. In particular, our result...
Persistent link: https://www.econbiz.de/10011599555
The matching literature commonly rules out that market design itself shapes agent preferences. Underlying this premise is the assumption that agents know their own preferences at the outset and that preferences do not change throughout the matching process. Under this assumption, a centralized...
Persistent link: https://www.econbiz.de/10012024206
We consider the problem of matching a set of medical students to a set of medical residency positions (hospitals) under the assumption that hospitals' preferences over groups of students are responsive. In this context, we study the preference revelation game induced by the student proposing...
Persistent link: https://www.econbiz.de/10012057065
This article explores the impact of procedural information on the behavior of applicants under two of the most commonly used school admissions procedures: the Gale-Shapley mechanism and the Boston mechanism. In a lab experiment, I compare the impact of information about the mechanism,...
Persistent link: https://www.econbiz.de/10012110583
We study the allocation of German lawyers to regional courts for legal trainee-ships. Because of excess demand in some regions lawyers often have to wait before being allocated. The currently used \"Berlin\" mechanism is not weakly Pareto efficient, does not eliminate justified envy and does not...
Persistent link: https://www.econbiz.de/10011932933
I study a central authority's ability to commit to a publicly announced mechanism in a one-to-one agent-object matching model. The authority announces a strategy-proof mechanism and then privately selects a mechanism to initiate a matching. An agent's observation in form of the final matching...
Persistent link: https://www.econbiz.de/10014536335