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Centralized Allocation in Multiple Markets

Author Info

Listed author(s):
  • Daniel Monte

    (Department of Economics and Business, Aarhus University, Denmark)

  • Norovsambuu Tumennasan

    ()

    (Department of Economics and Business, Aarhus University, Denmark)

Abstract

The problem of allocating indivisible objects to different agents, where each individual is assigned at most one object, has been widely studied. Pápai (2000) shows that the set of strategy-proof, nonbossy, Pareto optimal and reallocation-proof rules are hierarchical exchange rules | generalizations of Gale's Top Trading Cycles mechanism. We study the centralized allocation that takes place in multiple markets. For example, the assignment of multiple types of indivisible objects; or the assignment of objects in successive periods. We show that the set of strategy-proof, Pareto efficient and nonbossy rules are sequential dictatorships, a special case of Pápai's hierarchical exchange rules.

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File URL: ftp://ftp.econ.au.dk/afn/wp/12/wp12_09.pdf
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Paper provided by Department of Economics and Business Economics, Aarhus University in its series Economics Working Papers with number 2012-09.

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Length: 24
Date of creation: 10 May 2012
Handle: RePEc:aah:aarhec:2012-09
Contact details of provider: Web page: http://www.econ.au.dk/afn/

Keywords: Matching; Strategy-Proofness; Nonbossiness; Pareto efficiency;

Other versions of this item:

Find related papers by JEL classification:
  • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
  • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
  • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
  • I20 - Health, Education, and Welfare - - Education - - - General

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  1. Lars Ehlers & Bettina Klaus, 2003. "Coalitional strategy-proof and resource-monotonic solutions for multiple assignment problems," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 21(2), pages 265-280, October.
  2. Szilvia Papai, 2000. "Strategyproof Assignment by Hierarchical Exchange," Econometrica, Econometric Society, vol. 68(6), pages 1403-1434, November.
  3. Shapley, Lloyd & Scarf, Herbert, 1974. "On cores and indivisibility," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 23-37, March.
  4. Manea, Mihai, 2007. "Serial dictatorship and Pareto optimality," Games and Economic Behavior, Elsevier, vol. 61(2), pages 316-330, November.
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  7. John Hatfield, 2009. "Strategy-proof, efficient, and nonbossy quota allocations," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 33(3), pages 505-515, September.
  8. John Kennes Jr. & Daniel Monte Jr. & Norovsambuu Tumennasan Jr., 2014. "The Day Care Assignment: A Dynamic Matching Problem," American Economic Journal: Microeconomics, American Economic Association, vol. 6(4), pages 362-406, November.
  9. Francis Bloch & David Cantala, 2013. "Markovian assignment rules," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 40(1), pages 1-25, January.
  10. Papai, Szilvia, 2001. " Strategyproof and Nonbossy Multiple Assignments," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 3(3), pages 257-271.
  11. Michel Le Breton & Arunava Sen, 1999. "Separable Preferences, Strategyproofness, and Decomposability," Econometrica, Econometric Society, vol. 67(3), pages 605-628, May.
  12. Lars-Gunnar Svensson, 1999. "Strategy-proof allocation of indivisible goods," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 16(4), pages 557-567.
  13. Roth, Alvin E, 1991. "A Natural Experiment in the Organization of Entry-Level Labor Markets: Regional Markets for New Physicians and Surgeons in the United Kingdom," American Economic Review, American Economic Association, vol. 81(3), pages 415-440, June.
  14. Klaus, Bettina, 2008. "The coordinate-wise core for multiple-type housing markets is second-best incentive compatible," Journal of Mathematical Economics, Elsevier, vol. 44(9-10), pages 919-924, September.
  15. Gibbard, Allan, 1973. "Manipulation of Voting Schemes: A General Result," Econometrica, Econometric Society, vol. 41(4), pages 587-601, July.
  16. Pereyra, Juan Sebastián, 2013. "A dynamic school choice model," Games and Economic Behavior, Elsevier, vol. 80(C), pages 100-114.
  17. M. Utku Ünver, 2010. "Dynamic Kidney Exchange," Review of Economic Studies, Oxford University Press, vol. 77(1), pages 372-414.
  18. Atila Abdulkadiroglu & Tayfun Sönmez, 2003. "School Choice: A Mechanism Design Approach," American Economic Review, American Economic Association, vol. 93(3), pages 729-747, June.
  19. Satterthwaite, Mark Allen, 1975. "Strategy-proofness and Arrow's conditions: Existence and correspondence theorems for voting procedures and social welfare functions," Journal of Economic Theory, Elsevier, vol. 10(2), pages 187-217, April.
  20. Bogomolnaia, Anna & Moulin, Herve, 2001. "A New Solution to the Random Assignment Problem," Journal of Economic Theory, Elsevier, vol. 100(2), pages 295-328, October.
  21. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
  22. John Kennes & Daniel Monte & Norovsambuu Tumennasan, 2011. "The Daycare Assignment Problem," Economics Working Papers 2011-05, Department of Economics and Business Economics, Aarhus University.
  23. Abdulkadiroglu, Atila & Sonmez, Tayfun, 1999. "House Allocation with Existing Tenants," Journal of Economic Theory, Elsevier, vol. 88(2), pages 233-260, October.
  24. Roth, Alvin E. & Postlewaite, Andrew, 1977. "Weak versus strong domination in a market with indivisible goods," Journal of Mathematical Economics, Elsevier, vol. 4(2), pages 131-137, August.
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Cited by:

  1. Anno, Hidekazu & Kurino, Morimitsu, 2016. "On the operation of multiple matching markets," Games and Economic Behavior, Elsevier, vol. 100(C), pages 166-185.
  2. John Kennes & Daniel Monte & Norovsambuu Tumennasan, 2015. "Dynamic Matching Markets and the Deferred Acceptance Mechanism," Economics Working Papers 2015-23, Department of Economics and Business Economics, Aarhus University.

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