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Decentralized matching markets on the internet allow large numbers of agents to interact anonymously at virtually no … sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10014157261
of the extended cores of all μ-compatible subgames, for a given optimal matching μ, is the core with respect to those …In this paper, we study different notions of stability for three-sided assignment games. Since the core may be empty in …-Morgenstern stable sets. The dominant diagonal property is necessary for the core to be a stable set, and also sufficient in the case …
Persistent link: https://www.econbiz.de/10012011087
In a dynamic model of assignment problems, small deviations suffice to move between stable outcomes. This result is used to obtain no-selection and almost-no-selection results under the stochastic stability concept for uniform and payoff-dependent errors. There is no-selection of partner or...
Persistent link: https://www.econbiz.de/10010376447
. The core predicts a unique and extreme outcome: the entire surplus is split evenly among the buyers when m > n and among … the sellers when m < n; the long side gets nothing. We test this core conjecture in the lab with n + m = 3 or 5 randomly … agreements while trading. Despite frequent attempts to collude and occasional large deviations from the core prediction, we find …
Persistent link: https://www.econbiz.de/10003782414
buy (sell) a single unit of an indivisible good. The core predicts a unique and extreme outcome: the entire surplus is … split evenly among the buyers when m gt; n and among the sellers when m lt; n; the long side gets nothing. We test this core … deviations from the core prediction, we find that successful collusion is infrequent in both new institutions. A disproportionate …
Persistent link: https://www.econbiz.de/10012722945
One-sided assignment problems combine important features of two well-known matching models. First, as in roommate … problems, any two agents can be matched and second, as in two-sided assignment problems, the payoffs of a matching can be … with a non-empty core), if a subsolution of the core satisfies [indifference with respect to dummy agents, continuity, and …
Persistent link: https://www.econbiz.de/10014207008
Persistent link: https://www.econbiz.de/10001927948
The absence of simultaneous cycles is a sufficient condition for the existence of singleton cores. Acyclicity in the preferences of either side of the market is a minimal condition that guarantees the existence of singleton cores
Persistent link: https://www.econbiz.de/10014178500
(weak) core, unlike in many-to-one matching markets (Blair, 1988). In this paper, we seek a theoretical foundation for …It is known that in two-sided many-to-many matching markets, pair-wise stability is not logically related with the …-partner matching problem that includes two-sided matching problems as special cases. Under the same preference restriction, we also …
Persistent link: https://www.econbiz.de/10011593632
In many matching problems, it is natural to consider that agents may have preferences not only over the set of …
Persistent link: https://www.econbiz.de/10014067988