We propose a new, easy-to-implement, class of payment rules, “Reference Rules,” to make core-selecting package auctions more robust. Small, almost riskless, profitable deviations from “truthful bidding” are often easy for bidders to find under currently-used payment rules. Reference...

UKFPO is exploring a proposal to change the system by which it allocates places at UK foundation schools to doctors. The proposal changes not only the priority order used as a basis of allocating places at highly sought after schools, but also the allocation procedure by which the doctors’...