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The Multi-unit Assignment Problem: Theory and Evidence from Course Allocation at Harvard

Eric Budish, Estelle Cantillon
2012 The American Economic Review  
We draw lessons for the design of multi-unit assignment mechanisms and for market design more broadly.  ...  This paper uses data consisting of students' strategically reported preferences and their underlying true preferences to study the course allocation mechanism used at Harvard Business School.  ...  Course allocation is an example of a multi-unit assignment problem, in which a set of indivisible objects (seats in courses) is to be allocated amongst a set of agents (students), the agents have multi-unit  ... 
doi:10.1257/aer.102.5.2237 fatcat:z64tanlmxnfuvevry5z34c4lta

Strategic Behavior in Multi-unit Assignment Problems: Theory and Evidence from Course Allocations

Eric Budish, Harvard, Estelle Cantillon
unpublished
In other words, preference manipulation (and ex-post ine¢ ciency) can be seen as unavoidable in the course allocation problem and it is useful to understand what drives preference manipulation and how  ...  The de...ning features of a course allocation problem are that students require more than one course and that there are no monetary transfers.  ...  In other words, preference manipulation (and ex-post ine¢ ciency) can be seen as unavoidable in the course allocation problem and it is useful to understand what drives preference manipulation and how  ... 
fatcat:beln5yvvdfbc5fqf4nboy4p4nq

The combinatorial assignment problem

Eric Budish
2010 Proceedings of the Behavioral and Quantitative Game Theory on Conference on Future Directions - BQGT '10  
This paper proposes a new mechanism for combinatorial assignment-for example, assigning schedules of courses to students-based on an approximation to competitive equilibrium from equal incomes (CEEI) in  ...  Its performance is explored on real data, and it is compared to alternatives from theory and practice: all other known mechanisms are either unfair ex post or manipulable even in large markets, and most  ...  The cleanest evidence comes from fo-cusing on students who get zero courses in their last term.  ... 
doi:10.1145/1807406.1807480 dblp:conf/bqgt/Budish10 fatcat:fe2hvqezsfgqdldcu4arrdj3oq

The Chopstick Auction: A Study of the Exposure Problem in Multi-Unit Auctions

Sander Onderstal, Florian Englmaier, Rupert Sausgruber, Loreto Llorente, Pablo Guillen
2004 Social Science Research Network  
Summary Multi-unit auctions are sometimes plagued by the so-called exposure problem.  ...  In theory, the chopstick auction has an efficient equilibrium and is revenue equivalent with the second-price sealed-bid auction in which the exposure problem is not present.  ...  NYBORG and Kristian RYDQVIST (lx): Strategic Behavior and Underpricing in Uniform Price Auctions: Evidence from Finnish Treasury Auctions PRIV 26.2003 Christine A.  ... 
doi:10.2139/ssrn.501422 fatcat:ety23vtaorcdhbmimyeslec2bu

The chopstick auction: A study of the exposure problem in multi-unit auctions

Florian Englmaier, Pablo Guillén, Loreto Llorente, Sander Onderstal, Rupert Sausgruber
2009 International Journal of Industrial Organization  
Summary Multi-unit auctions are sometimes plagued by the so-called exposure problem.  ...  In theory, the chopstick auction has an efficient equilibrium and is revenue equivalent with the second-price sealed-bid auction in which the exposure problem is not present.  ...  NYBORG and Kristian RYDQVIST (lx): Strategic Behavior and Underpricing in Uniform Price Auctions: Evidence from Finnish Treasury Auctions PRIV 26.2003 Christine A.  ... 
doi:10.1016/j.ijindorg.2008.09.001 fatcat:h4is3zswgbbj7ofzghlmjr3tti

The intertemporal choice behavior: the role of emotions in a multiagent decision problem

Viviana Ventre
2014 Ratio Mathematica  
., inconsistency, in some intertemporal choice behaviors. We deal with both models are dealt with in the framework of some relevant decision problems.  ...  Traditional Discounted Utility Model assumes an exponential delay discount function, with a constant discount rate: this implies dynamic consistency and stationary intertemporal preferences.  ...  Theory of games provide tools for describe strategic interaction.  ... 
doi:10.23755/rm.v27i1.36 doaj:0594908596cc4a0eb783e50ab15258e1 fatcat:bn6yhw7tonffbduifuyzqcpmsa

The Combinatorial Assignment Problem: Approximate Competitive Equilibrium from Equal Incomes

Eric Budish
2011 Journal of Political Economy  
This paper proposes a new mechanism for combinatorial assignment-for example, assigning schedules of courses to students-based on an approximation to competitive equilibrium from equal incomes (CEEI) in  ...  Its performance is explored on real data, and it is compared to alternatives from theory and practice: all other known mechanisms are either unfair ex post or manipulable even in large markets, and most  ...  The cleanest evidence comes from fo-cusing on students who get zero courses in their last term.  ... 
doi:10.1086/664613 fatcat:hngsnsu235cpbnpihpy73r6244

MNC organizational form and subsidiary motivation problems: Controlling intervention hazards in the network MNC

Kirsten Foss, Nicolai J. Foss, Phillip C. Nell
2012 Journal of International Management  
Based on a survey of regional headquarters in Europe and their relations with MNC headquarters, we provide empirical evidence that a regional headquarters' autonomy and signaling behavior have significant  ...  In networked MNCs where knowledge and power are distributed, corporate strategy processes benefit from input arising from many different levels of the organization.  ...  Second, regional headquarters may engage in active signaling behavior to exercise bottom-up influence from geographically disparate units in the strategy processes of multinational enterprises Nobel,  ... 
doi:10.1016/j.intman.2012.03.001 fatcat:u2cvx6vdnrcudkon2ys2ecj54q

The Problem of the Divided Majority: Preference Aggregation Under Uncertainty

Georg Granic
2014 Social Science Research Network  
With enough experience, the majority is frequently able to solve the coordination problem and coordination failure rates are fairly low across voting methods and information structures.  ...  The multi-vote systems Approval Voting and Borda Count dissolve information imperfections eectively and allow the majority to coordinate eciently, independently of the underlying information structure.  ...  (Greiner, 2004) excluding students from related elds with basic knowledge in Game Theory and Social Choice Theory (Economics, Political Science, etc).  ... 
doi:10.2139/ssrn.2491457 fatcat:eqpmvvslybgdphy6jpbyamwt2i

Old Statutes, New Problems

Jody Freeman, David B. Spence
2014 Social Science Research Network  
As is evident from the figure, a majority of the House and a near majority of the Senate fit this definition in the late 1970s.  ...  The process by which FERC came to this conclusion reflects the same kind of strategic behavior EPA used when adapting the CAA to address the problem of GHG emissions-proposals of bold action followed by  ... 
doi:10.2139/ssrn.2393033 fatcat:jpawjqipsngvvctpnpg7nkzv5m

Matching "versus" mechanism design

Eric Budish
2012 ACM SIGecom Exchanges  
Evidence from Course Allocation at Harvard" (AER, 2012) In practice we rarely observe dictatorships, in which agents take turns choosing their entire bundle of objects.  ...  Evidence from Course Allocation at Harvard" (AER, 2012) In practice we rarely observe dictatorships, in which agents take turns choosing their entire bundle of objects.  ... 
doi:10.1145/2509002.2509005 fatcat:lltecj6ignf35e2ta3llp35zcq

The Dynamic Free Rider Problem: A Laboratory Study

Marco Battaglini, Salvatore Nunnari, Thomas R. Palfrey
2016 American Economic Journal: Microeconomics  
On the other hand, public good levels are higher than MPE, and some evidence of history dependence is detected. (JEL C91, H41)  ...  reversibility than irreversibility; accumulation is inefficiently slow; and the public good is under-provided in both regimes.  ...  In each period, each individual is endowed with w units of input that can be allocated between personal consumption and contribution to the stock of durable public good.  ... 
doi:10.1257/mic.20150126 fatcat:juuqc76jm5forlnncqjlshhgsy

The Dynamic Free Rider Problem: A Laboratory Study

Marco Battaglini, Salvatore Nunnari, Thomas R. Palfrey
2012 Social Science Research Network  
This dynamic free-rider problem differs from static ones in fundamental ways and implies several economically important predictions that are absent in static frameworks.  ...  In this paper, we report the results from an experiment designed explicitly to study the dynamics of free riding behavior in the accumulation of a durable public good.  ...  In each period, each individual is endowed with w units of input that can be allocated between personal consumption and contribution to the stock of durable public good.  ... 
doi:10.2139/ssrn.2172902 fatcat:wqifn57d6jcs3nttwjokzw7emi

Systems Engineering: A Problem of Perception

Michael Senglaub
1996 INCOSE International Symposium  
The systems engineering upgrade activities in the New Mexico Weapons Development Center and a search of systems engineering related information provides evidence of a degree of ambiguity in this characterization  ...  A case is made in this article for systems engineering being the engineering discipline applied to the science of complexity.  ...  unit in its intended operation and/or support environment.  ... 
doi:10.1002/j.2334-5837.1996.tb02044.x fatcat:vixyqggph5gbjlewzlbw275hnq

A competency framework for women empowerment: the case of the local government sector in South Africa

Gerrit van der Waldt, David Fourie, Gerda van Dijk, Margaret Chitiga-Mabugu, Johan Jordaan
2019 Problems and Perspectives in Management  
Gender representativity in political and managerial positions in local government in general and women empowerment in particular remain contentious issues.  ...  Although an extensive statutory and regulatory framework for gender equality was established and despite the fact that specific equity targets are set, it is evident that much more needs to be done to  ...  Functional competencies are typically informed by responsibilities and particular assignments allocated to employees for a specific position, and are also defined by levels of development (i.e. the job  ... 
doi:10.21511/ppm.17(2).2019.27 fatcat:uharg4ivxrap7mzklvh5gknijq
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