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We evaluate the goal of maximizing the number of individually rational assignments. We show that it implies incentive, fairness, and implementation impossibilities. Despite that, we present two classes of mechanisms that maximize assignments. The first are Pareto efficient, and undominated –...
Persistent link: https://www.econbiz.de/10012853755
In a two-sided matching market when agents on both sides have preferences the stability of the solution is typically … challenging to reconcile in practice. In this paper we describe two real applications, a project allocation problem and a workshop … different applications, such as resident allocation with lower quotas, controlled school choice or college admissions with …
Persistent link: https://www.econbiz.de/10012010799
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
I investigate three goals of school choice: student welfare, encouraging neighborhood schools, and diversity. I develop a framework for finding the optimal match for any combination of these objectives while respecting stability and incentive compatibility. I then apply my framework to data from...
Persistent link: https://www.econbiz.de/10012950942
-allocating agency are encoded as edge weights in the acceptability graph. The welfare of an allocation is the sum of its edge weights …. We introduce the constrained welfare-maximizing solution, which is the allocation of highest welfare among the Pareto …-world instance of kindergarten allocation and large-scale simulated instances. Incentives to report preferences truthfully are …
Persistent link: https://www.econbiz.de/10012212842
We provide priority-constrained versions of the ordinal efficiency welfare theorem for school choice lotteries. Moreover, we show that a constrained version of a cardinal second welfare theorem fails to hold, but can be restored for a relaxed notion of equilibrium with priority-specific prices
Persistent link: https://www.econbiz.de/10012853378
We study a natural generalization of the maximum weight many-to-one matching problem. We are given an undirected … maximum weight many-to-one matching satisfying two sets of constraints: vertices in A are incident to at most one matching … edge, while vertices in P are either unmatched or they are incident to a number of matching edges between their lower and …
Persistent link: https://www.econbiz.de/10011757194
This paper contains two results. The first result says that given any efficient non-monetary allocation there is a … balanced vector of transfers so that the resulting allocation is fair. The second result says that given any efficient non …-monetary allocation there is a pricing function defined on consumption bundles and a balanced vector of transfers so that they together …
Persistent link: https://www.econbiz.de/10014219025
Persistent link: https://www.econbiz.de/10013490589