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We propose a way to compare the extent of preference misrepresentation between two strategies. We define a mechanism to be monotone strategyproof when declaring a "more truthful" preference ordering in the mechanism dominates - with respect to the true preferences - declaring a less truthful...
Persistent link: https://www.econbiz.de/10010692008
We study the effect of different levels of information on two-sided platform profits—under monopoly and competition. One side (developers) is always informed about all prices and therefore forms responsive expectations. In contrast, we allow the other side (users) to be uninformed about prices...
Persistent link: https://www.econbiz.de/10011051630
type="main" <p>We present a theory for why it might be rational for a platform to limit the number of applications available on it. Our model is based on the observation that even if users prefer application variety, applications often also exhibit direct network effects. When there are direct...</p>
Persistent link: https://www.econbiz.de/10011033888
Persistent link: https://www.econbiz.de/10008424769
It is well known since Owen (Management Science, 1968) that the weights in the weighted Shapley value cannot be interpreted as a measure of power (i.e. of the ability to bargain) of the players. This paper proposes a new weight scheme for the Shapley value. Weights in this framework have to be...
Persistent link: https://www.econbiz.de/10005407525
Alvin Roth et Lloyd Shapley ont reçu en 2012 le prix de sciences économiques de la Banque Royale de Suède à la mémoire d'Alfred Nobel, pour leurs travaux sur l'organisation centralisée de certains marchés économiques, qui dépendent de l'appariement d'agents de deux types distincts (des...
Persistent link: https://www.econbiz.de/10010733708
In a school choice context we show that considering only schools' priorities and the set of acceptable schools for each student - but not how these schools are ranked in their preferences - we can restrict the set of possible stable matchings that can arise for any preference profile of the...
Persistent link: https://www.econbiz.de/10010899800
This paper studies a decentralized job market model where firms (academic departments) propose sequentially a (unique) position to some workers (Ph.D. candidates). Successful candidates then decide whether to accept the offers, and departments whose positions remain unfllled propose to other...
Persistent link: https://www.econbiz.de/10010851385
We identify in this paper two conditions that characterize the domain of single-peaked preferences on the line in the following sense: a preference profile satisfies these two properties if and only if there exists a linear order L over the set of alternatives such that these preferences are...
Persistent link: https://www.econbiz.de/10010851422
Alvin Roth and Lloyd Shapley have received in 2012 the Sveriges Riksbank prize in economic sciences in memory of Alfred Nobel, for their work on the centralized organization of some economic markets, which rely on the matching of agents of two different types (students and schools, for...
Persistent link: https://www.econbiz.de/10010852462