Showing 1 - 10 of 10
We investigate the estimation of models of dynamic discrete-choice games of incomplete information, formulating the maximum-likelihood estimation exercise as a constrained optimization problem which can be solved using state-of-the-art constrained optimization solvers. Under the assumption that...
Persistent link: https://www.econbiz.de/10013065323
Persistent link: https://www.econbiz.de/10011440569
We investigate the estimation of models of dynamic discrete-choice games of incomplete information, formulating the maximum-likelihood estimation exercise as a constrained optimization problem that can be solved using state-of-the-art constrained optimization solvers. Under the assumption that...
Persistent link: https://www.econbiz.de/10011757746
Persistent link: https://www.econbiz.de/10010386341
We study manipulability of stable matching mechanisms and show that manipulability comparisons are equivalent to preference comparisons: for any agent, a mechanism is more manipulable than another if and only if this agent prefers the latter to the former. In particular, this implies that no two...
Persistent link: https://www.econbiz.de/10013064833
Persistent link: https://www.econbiz.de/10011771324
We construct quantile stable mechanisms, show that they are distinct in sufficiently large markets, and analyze how they can be manipulated by market participants. As a step to showing that quantile stable mechanisms are well defined, we show that median and quantile stable matchings exist when...
Persistent link: https://www.econbiz.de/10013031809
We introduce a new class of matching mechanisms - quantile stable mechanisms - that generate stable matchings that can be seen as a compromise between sides of a two-sided market. We show that responsiveness is a sufficient condition for the existence of such mechanisms and that all such...
Persistent link: https://www.econbiz.de/10012547697
We study the manipulability of stable matching mechanisms and show that manipulability comparisons are equivalent to preference comparisons: for any agent, a mechanism is more manipulable than another if and only if this agent prefers the latter to the former. One important implication is that...
Persistent link: https://www.econbiz.de/10013031803
We investigate the computational aspect of estimating discrete-choice games under incomplete information. In these games, multiple equilibria can exist. Also, different values of structural parameters can result in different numbers of equilibria. Consequently, under maximum-likelihood...
Persistent link: https://www.econbiz.de/10013066705