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On the Coexistence of Stability and Incentive Compatibility in Fractional Matchings [article]

Shivika Narang, Y Narahari
2022 arXiv   pre-print
Further, incentive compatibility in the context of fractional matchings has received very little attention.  ...  With this as the backdrop, our paper studies the important topic of incentive compatibility of mechanisms to find stable fractional matchings.  ...  While this paper presents the first exploration of the intersection of stability and incentive compatibility in fractional matchings, there is still much to be studied in this area.  ... 
arXiv:2001.05652v2 fatcat:reddz2x7tbg25nericmkt5sob4

A Probabilistic Approach to Voting, Allocation, Matching, and Coalition Formation [article]

Haris Aziz
2020 arXiv   pre-print
I discuss challenges and opportunities in applying these approaches to settings including voting, allocation, matching, and coalition formation.  ...  Randomisation and time-sharing are some of the oldest methods to achieve fairness.  ...  A case in point is strategyproofness and participation incentives.  ... 
arXiv:2002.10171v1 fatcat:xpob2fdgibhytdagx4guqxa4f4

MATCHING WITH COUPLES: A MULTIDISCIPLINARY SURVEY

PÉTER BIRÓ, FLIP KLIJN
2013 International Game Theory Review  
The second book by Gusfield and Irving [1989] studied stable matching problems from a graph and algorithm theoretical point of view.  ...  Finally, Kojima and Troyan [2011] focused on market design issues in matching markets. 3 We refer to Al Roth's website and market design blog for further discussion.  ...  Efficiency and Incentive Compatibility in Centralized Markets Two important desirable properties for centralized matching schemes are computational tractability and incentive compatibility.  ... 
doi:10.1142/s0219198913400082 fatcat:sdktnulsi5gsxhjxzib322o72m

An Investigation of Individual Preferences: Consistency Across Incentives and Stability Over Time

Emmanouil Mentzakis, Jingjing Zhang
2012 Social Science Research Network  
Abstract This study compares individual preferences across incentives (i.e., hypothetical vs. real incentives) and over time (i.e. elicitation at two different points in time) in a choice experiment involving  ...  There is significant heterogeneity in individual preferences, with real incentives either dampening or pronouncing the observed donating behaviour.  ...  Exchange rules and the incentive compatibility of choice experiments, Environmental and Resource Economics, 47, 197-220. Truong, T.P., and D.A.  ... 
doi:10.2139/ssrn.2038224 fatcat:leubhfm4mffvrooxn66syrmj5i

On the Welfare Properties of Fractional Reserve Banking

Daniel R. Sanches
2015 Social Science Research Network  
The goal of this paper is to show that a speci...c form of private bank coalition (a joint-liability arrangement) allows the members of the banking system to engage in fractional reserve banking in such  ...  Monetary economists have long recognized a tension between the bene...ts of fractional reserve banking, such as the ability to undertake more pro...table (long-term) investment opportunities, and the di  ...  A recent paper that also studies the bene…ts of fractional reserve banking is Chari and Phelan (2012).  ... 
doi:10.2139/ssrn.2596555 fatcat:fz4kmef7pjbrhbukuhl5g5bjpe

ON THE WELFARE PROPERTIES OF FRACTIONAL RESERVE BANKING

Daniel Sanches
2016 International Economic Review  
The goal of this paper is to show that a speci...c form of private bank coalition (a joint-liability arrangement) allows the members of the banking system to engage in fractional reserve banking in such  ...  Monetary economists have long recognized a tension between the bene...ts of fractional reserve banking, such as the ability to undertake more pro...table (long-term) investment opportunities, and the di  ...  A recent paper that also studies the bene…ts of fractional reserve banking is Chari and Phelan (2012).  ... 
doi:10.1111/iere.12181 fatcat:v5eh4bfpeve4dj44jcmqaj4lmi

On the Welfare Properties of Fractional Reserve Banking

Daniel R. Sanches
2013 Social Science Research Network  
The goal of this paper is to show that a speci...c form of private bank coalition (a joint-liability arrangement) allows the members of the banking system to engage in fractional reserve banking in such  ...  Monetary economists have long recognized a tension between the bene...ts of fractional reserve banking, such as the ability to undertake more pro...table (long-term) investment opportunities, and the di  ...  A recent paper that also studies the bene…ts of fractional reserve banking is Chari and Phelan (2012).  ... 
doi:10.2139/ssrn.2308899 fatcat:demogeuij5ff5gj3hhr5bcjzvu

On the Welfare Properties of Fractional Reserve Banking

Daniel R. Sanches
2015 Social Science Research Network  
The goal of this paper is to show that a speci...c form of private bank coalition (a joint-liability arrangement) allows the members of the banking system to engage in fractional reserve banking in such  ...  Monetary economists have long recognized a tension between the bene...ts of fractional reserve banking, such as the ability to undertake more pro...table (long-term) investment opportunities, and the di  ...  A recent paper that also studies the bene…ts of fractional reserve banking is Chari and Phelan (2012).  ... 
doi:10.2139/ssrn.2646094 fatcat:s25qidkv35g7npwykb2amwgi3q

Anatomy of Cartel Contracts

Ari Hyytinen, Frode Steen, Otto Toivanen
2013 Social Science Research Network  
One third of the clauses relate to raising profits; the others deal with instability through incentive compatibility, cartel organization, or external threats.  ...  We study cartel contracts using data on 18 contract clauses of 109 legal Finnish manufacturing cartels.  ...  on the issue. 3 In the third step, we provide an exploratory analysis of the complexity and stability of cartel contracts.  ... 
doi:10.2139/ssrn.2382488 fatcat:3nsd7ked5zanbchcsokd56saou

Anatomy of Cartel Contracts

Ari Hyytinen, Frode Steen, Otto Toivanen
2012 Social Science Research Network  
One third of the clauses relate to raising profits; the others deal with instability through incentive compatibility, cartel organization, or external threats.  ...  We study cartel contracts using data on 18 contract clauses of 109 legal Finnish manufacturing cartels.  ...  on the issue. 3 In the third step, we provide an exploratory analysis of the complexity and stability of cartel contracts.  ... 
doi:10.2139/ssrn.2205816 fatcat:jbaphuac6fcs3nmb76wcjkz5yu

Equilibrium of E-Channel Relationship and Decisions

Huei-Chen Hsu, Hui-Chu Chen, Li-Fen Tsai, Sheng-Wen Liu
2015 International Journal of Management and Sustainability  
This paper examines the problems of E-Channel coordination; the focus of this paper is that completely measures the utility function and the "maximally" separating equilibrium diverse choice alternatives  ...  Therefore, the authors found that even if low quality manufacturers have no reputation of their products, they can signal quality by posting the reputation of high reputation of retailers.  ...  Contributors/Acknowledgement: All authors contributed equally to the conception and design of the study.  ... 
doi:10.18488/journal.11/2014.3.11/11.11.648.652 fatcat:msmo5n3amzdd5eknjrn7ylwttq

Parag Pathak: Winner of the 2018 Clark Medal

Ariel Pakes, Joel Sobel
2019 Journal of Economic Perspectives  
Parag's father obtained a medical degree in Nepal, did an ear-nose-and-throat residency at Georgetown University, and practiced in New York. Parag's mother went to university in India.  ...  Parag received his AB summa cum laude in Applied Mathematics from Harvard in 2002, and a SM in Applied Math the same year. He received his doctorate in economics from Harvard in 2007.  ...  Pathak (with Kojima) has written about the performance of matching markets with a large number of participants in the paper "Incentives and Stability in Large Two-Sided Matching Markets" [5] .  ... 
doi:10.1257/jep.33.1.231 fatcat:2s5aw66dsvgydjq2eegbfve3ym

Information Acquisition vs. Liquidity in Financial Markets

Victoria Magdalena Vanasco
2014 Social Science Research Network  
The model matches key features of these markets, such as the issuance of senior and junior tranches, and it predicts that when gains from trade in ABS markets are 'sufficiently' large, information acquisition  ...  This suggests that incentives for loan screening not only depend on the portion of loans retained by issuers, but also on how the market prices the issued tranches.  ...  The literature on optimal design of ABS has studied these problemsprovision of incentives and of liquidity-in isolation. 5 However, by doing so, a fundamental trade-off between incentives and liquidity  ... 
doi:10.2139/ssrn.2626398 fatcat:vdpxnzikwjcjnn74355dsknnlq

'Putting a Foot in the Door': Volunteer Hiring and Organizational Form

Michael Vlassopoulos
2015 Manchester School  
Besides serving as an outlet of altruistic motives, volunteering often acts as a stepping-stone for a paid position in the nonprofit sector.  ...  The not-for-profit commitment is shown to be effective only in activities where producers, who can choose to be for-profit or nonprofit, care about the level of the service being provided.  ...  (2005) , who study incentive design issues in an environment with mission-motivated principals and agents.  ... 
doi:10.1111/manc.12139 fatcat:kmqze6jvqrcy5fp74y2ugipnfm

Liquidity Provision, Ambiguous Asset Returns and the Financial Crisis

Willem Spanjers
2018 Review of Economic Analysis  
In a setting related to Allen and Gale (JoF, 1998) properties of the optimal liquidity provision are analyzed for illiquid assets with ambiguous returns.In the context of our model, ambiguity -- i.e. incalculable  ...  Reducing ambiguity by increasing stability, transparency and predictability -- as suggested by ordo-liberalism and the 'Freiburger Schule' -- enhances ex-ante welfare.  ...  Firstly, to the left of the (IC )-line, the payouts of y to H−types at t = 1 and of α • y to L−types at t = 2 either are incentive compatible, or can be made incentive compatible by a redistribution of  ... 
doi:10.15353/rea.v10i4.1475 fatcat:hmiavzic2fflfgdtap3d3ndtmy
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