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The allocation and exchange of discrete resources, such as transplant organs, public housing, dormitory rooms, and many … our construction to show what can and what cannot be achieved in a variety of allocation and exchange problems, and we …
Persistent link: https://www.econbiz.de/10012010070
This paper studies the possibility of strategy-proof rules yielding satisfactory solutions to matching problems …. Alcalde and Barberá (1994) show that effcient and individually rational matching rules are manipulable in the one …-to-one matching model. We pursue the possibility of strategy-proof matching rules by relaxing effciency to the weaker condition of …
Persistent link: https://www.econbiz.de/10010332209
-proposing deferred acceptance mechanism (DA) has played a central role not only in theory but also in important practical applications …-proposing deferred acceptance-Mechanismus (DA) spielt eine zentrale Rolle nicht nur in der Theorie sondern auch in wichtigen praktischen …
Persistent link: https://www.econbiz.de/10010309612
Extensive evidence suggests that participants in the direct student-proposing deferred-acceptance mechanism (DSPDA) play dominated strategies. In particular, students with low priority tend to misrepresent their preferences for popular schools. To explain the observed data, we introduce...
Persistent link: https://www.econbiz.de/10012290339
Evidence suggests that participants in direct student-proposing deferred-acceptance mechanisms (DA) play dominated strategies. To explain the data, we introduce expectation-based loss aversion into a school-choice setting and characterize choice-acclimating personal equilibria in DA. We find...
Persistent link: https://www.econbiz.de/10012799779
Students participating in centralized admissions procedures do not typically have access to the information used to determine their matched school, such as other students' preferences or school priorities. This can lead to doubts about whether their matched schools were computed correctly (the...
Persistent link: https://www.econbiz.de/10014467863
-sided matching models. We show that the NYC/Boston mechanism fails to satisfy these fairness properties. We then propose two new …
Persistent link: https://www.econbiz.de/10011599548
. Constraining choices increases segregation and affects the stability and efficiency of the final allocation. Remarkably, the …
Persistent link: https://www.econbiz.de/10010279488
Starting with an initial price vector, prices are adjusted in order to eliminate the demand excess and at the same time to keep the transfers to the sellers as low as possible. In each step of the auction, to which sellers should those transfers be made (minimal overdemanded sets) is the key...
Persistent link: https://www.econbiz.de/10010284074
Many real-life applications of house allocation problems are dynamic. For example, in the case of on-campus housing for … introduce a model of house allocation with overlapping agents. In terms of dynamic mechanism design, we examine two …
Persistent link: https://www.econbiz.de/10010267121