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This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to the overlapping case. We propose a cover function bargaining game which allows the formation of overlapping coalitions at equilibrium. We show the existence of subgame perfect...
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This paper revisits manipulation via capacities in centralized two-sided matching markets. Sönmez (1997) showed that no stable mechanism is nonmanipulable via capacities. We show that non-manipulability via capacities can be equivalently described by two types of non-manipulation via...
Persistent link: https://www.econbiz.de/10008679124
Controlled choice over public schools is a common policy of school boards in the United States. It attempts giving choice to parents while maintaining racial and ethnic balance at schools. This paper provides a foundation for controlled school choice programs. We develop a natural notion of...
Persistent link: https://www.econbiz.de/10008679135
We study the simple model of assigning indivisible and heterogenous objects (e.g., houses, jobs, offices, etc.) to agents. Each agent receives at most one object and monetary compensations are not possible. For this model, known as the house allocation model, we characterize the class of rules...
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In spatial environments we consider social welfare functions satisfying Arrow''s requirements, i.e. weak Pareto and independence of irrelevant alternatives. When the policy space is a one-dimensional continuum such a welfare function is determined by a collection of 2 N strictly quasiconcave...
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