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' preferences are strict and can be represented by additively separable utility functions. The core may be empty. The strict core … no Pareto efficient, individually rational, and strategy-proof social choice rule. We also show that the core may be …
Persistent link: https://www.econbiz.de/10005074065
it replaced. In this paper, we introduce a new framework for investigating school-choice matching problems and two ex …-to-many two-sided and one-sided matching models. We first show that the new NYC/Boston mechanism fails to satisfy these fairness …
Persistent link: https://www.econbiz.de/10008507993
We introduce a new matching model to mimic two-sided exchange programs such as tuition and worker exchange, in which …
Persistent link: https://www.econbiz.de/10011196702
This paper studies the problem of assigning a set of indivisible objects to a set of agents when monetary transfers are not allowed. We offer two characterizations of the prominent lottery assignment mechanism called the probabilistic serial. We show that it is the only mechanism satisfying...
Persistent link: https://www.econbiz.de/10008457222
This paper considers a resource allocation mechanism that utilizes a profit-maximizing auctioneer/matchmaker in the Kelso-Crawford (1982) (many-to-one) assignment problem. We consider general and simple (individualized price) message spaces for firms' reports following Milgrom (2010). We show...
Persistent link: https://www.econbiz.de/10008461353
on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous … sacrifice”) which is derived from the egalitarian-equivalent concept suggested by Moulin (1987). We also develop a simple core … test by which it can be checked whether a given allocation is in the core thus being a possible outcome of a cooperative …
Persistent link: https://www.econbiz.de/10008596567
) coalitional equilibrium, describe a (cooperative) partition form game. A coalition is core-stable if the core of a suitable …
Persistent link: https://www.econbiz.de/10008583724
Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner …
Persistent link: https://www.econbiz.de/10008872210
match the same incompatible pairs while matching the least number of compatible pairs. We extend the celebrated Gallai …
Persistent link: https://www.econbiz.de/10009319240
mechanism was ruled illegal in 2007. Our approach provides support for these and other recent policy changes involving matching …
Persistent link: https://www.econbiz.de/10009320224