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On the Coexistence of Stability and Incentive Compatibility in Fractional Matchings
[article]
2022
arXiv
pre-print
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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]
2020
arXiv
pre-print
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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
2013
International Game Theory Review
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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
2012
Social Science Research Network
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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
2015
Social Science Research Network
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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
2016
International Economic Review
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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
2013
Social Science Research Network
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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
2015
Social Science Research Network
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The file type is application/pdf.
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
2013
Social Science Research Network
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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
2012
Social Science Research Network
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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
2015
International Journal of Management and Sustainability
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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
2019
Journal of Economic Perspectives
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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
2014
Social Science Research Network
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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
2015
Manchester School
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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
2018
Review of Economic Analysis
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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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