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Persistent link: https://www.econbiz.de/10014339775
We consider a many-to-many matching problem with a priority structure such as the one in undergraduate course allocation. In order to incorporate course priorities, we develop a deterministic pseudo-market mechanism with priority-specific prices that is based on the approximate competitive...
Persistent link: https://www.econbiz.de/10013216578
We develop a novel geometric approach to mechanism design using an important result in convex analysis: the duality between a closed convex set and its support function. By deriving the support function for the set of feasible interim values we extend the well known...
Persistent link: https://www.econbiz.de/10013091929
Persistent link: https://www.econbiz.de/10009491244
An important result in convex analysis is the duality between a closed convex set and its support function. We exploit this duality to develop a novel geometric approach to mechanism design. For a general class of social choice problems we characterize the feasible set, which is closed and...
Persistent link: https://www.econbiz.de/10009741027