Webb3 dec. 2024 · Interestingly, this priority structure can be regarded as the “opposite” to the famous housing market priority structure (Shapley and Scarf, 1974). We adapt the Top … Webb1 mars 1994 · Strategy-proofness and the strict core in a market with indivisibilities. We show that, in markets with indivisibilities (typified by the Shapley-Scarf housing market), …
ON CORES AND EWMSIBILITY* - UAB Barcelona
WebbCited by 199 - Google Scholar @Article{shapley74a, author = {Lloyd Shapley and Herbert Scarf}, title = {On cores and indivisibility}, journal = {Journal of Mathematical Economics}, year = 1974, volume = 1, number = 1, pages = {23--37}, abstract = {An economic model of trading in commodities that are inherently indivisible, like houses, is investigated from a … WebbThese alternative mechanisms are adaptations of widely studied mechanisms in the literature on matching and assignment markets, dating back to seminal contributions by Gale & Shapley (1962) and Shapley & Scarf (1974). After Abdulkadirog ˘lu & So ¨nmez (2003) appeared, a reporter for the Boston Globe contacted the authors. university of minnesota pet insurance
A Characterization of the Coordinate-Wise Top-Trading-Cycles
Webbused in the context of school choice problems. 1 The TTC (Shapley and Scarf, 1974) fulÖlls two appealing propertiesóit is both strategy-proof (Roth, 1982b) and Pareto e¢cientóbut it is not stable. The GS mechanism is both strategy-proof and stable, but not e¢cient (Roth, 1982a), since we only consider teachersí welfare in this setup. Webb3 dec. 2024 · This requirement is described by a priority structure in which each employee has the lowest priority for his occupied position and other employees have equal priority. Interestingly, this priority structure can be regarded as the “opposite” to the famous housing market priority structure (Shapley and Scarf, 1974). WebbShapley and Scarf (1974) introduce the model of a housing market, which has been studied very extensively. It is a special case of our model, when agents have unit demands and are endowed with a single good. Their exis-tence proof relies on Scarf’s sufficient condition, but they note that a simpler rebecca dog training