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Games with capacity manipulation: incentives and Nash equilibria

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  • Antonio Romero-Medina

    ()

  • Matteo Triossi

    ()

Abstract

Studying the interactions between preference and capacity manipulation in matching markets, we prove that acyclicity is a necessary and sufficient condition that guarantees the stability of a Nash equilibrium and the strategy-proofness of truthful capacity revelation under the hospital-optimal and intern-optimal stable rules. We then introduce generalized games of manipulation in which hospitals move first and state their capacities, and interns are subsequently assigned to hospitals using a sequential mechanism. In this setting, we first consider stable revelation mechanisms and introduce conditions guaranteeing the stability of the outcome. Next, we prove that every stable non-revelation mechanism leads to unstable allocations, unless restrictions on the preferences of the agents are introduced. Copyright Springer-Verlag Berlin Heidelberg 2013

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Bibliographic Info

Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 41 (2013)
Issue (Month): 3 (September)
Pages: 701-720

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Handle: RePEc:spr:sochwe:v:41:y:2013:i:3:p:701-720

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Cited by:
  1. Antonio Romero-Medina & Matteo Triossi, 2011. "Acyclicity and singleton cores in matching markets," Economics Working Papers we1126, Universidad Carlos III, Departamento de Economía.
  2. Ehlers, Lars, 2010. "Manipulation via capacities revisited," Games and Economic Behavior, Elsevier, vol. 69(2), pages 302-311, July.

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