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We show that the class of preferences satisfying the Gross Substitutes condition of Kelso and Crawford (1982) is strictly larger than the class of Endowed Assignment Valuations of Hatfield and Milgrom (2005), thus resolving the open question posed by the latter paper. In particular, our result...
Persistent link: https://www.econbiz.de/10011673201
-like characterizations in the knapsack model of sharing economies and prove Border-like characterizations in a matching model that allows …
Persistent link: https://www.econbiz.de/10015410993
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This paper presents a tractable framework for studying frictionless matching in school, work, and marriage when … communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …, but incomplete specialization in marriage. It also captures well-known matching patterns in each of these sectors …
Persistent link: https://www.econbiz.de/10013107170
We develop Integer Programming (IP) solutions for some special college admission problems arising from the Hungarian higher education admission scheme. We focus on four special features, namely the solution concept of stable score-limits, the presence of lower and common quotas, and paired...
Persistent link: https://www.econbiz.de/10011562748
Many two-sided matching situations involve multiperiod interaction. Traditional cooperative solutions, such as … about the future and a robust evaluation of contemporaneous outcomes. A perfect a-stable matching exists, even when …
Persistent link: https://www.econbiz.de/10012849277
In a two-sided matching market when agents on both sides have preferences the stability of the solution is typically …
Persistent link: https://www.econbiz.de/10012010799
This study investigates efficient and strategy‐proof mechanisms for allocating indivisible goods under constraints. First, we examine a setting without endowments. In this setting, we introduce a class of constraints-ordered accessibility-for which the serial dictatorship (SD) mechanism is...
Persistent link: https://www.econbiz.de/10015415273
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