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We provide conditions for local stability and instability of an equilibrium point in certain systems of nonautonomous …
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We study the welfare effects of different types of pre-arrangements (as identified in Sönmez in J Econ Theory 86:148–156, <CitationRef CitationID="CR25">1999</CitationRef>) under the intern-optimal and hospital-optimal stable mechanisms in matching markets. First, both mechanisms are manipulable via Type-2 pre-arrangements. Regarding...</citationref>
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is traditional to impose an ad-hoc stability condition on the best response function. This paper relates the stability …
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We motivate procedural fairness for matching mechanisms and study two procedurally fair and stable mechanisms: employment by lotto (Aldershof et al. , 1999) and the random order mechanism (Roth and Vande Vate, 1990, Ma, 1996). For both mechanisms we give various examples of probability...
Persistent link: https://www.econbiz.de/10005597873
We consider a non-cooperative assignment model where we show that any subgame perfect equilibrium is stable, and that an appropriate refinement criterion leads to the p-optimal outcome. We then consider a model with reneging and derive some interesting properties of this game. We show that in...
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