Location choice in two-sided markets with indivisible agents
نویسندگان
چکیده
Consider a model of location choice by two sorts of agents, called “buyers”and “sellers:”In the first period agents simultaneously choose between two identical possible locations; following this, the agents at each location play some sort of game with the other agents there. Buyers prefer locations with fewer other buyers and more sellers, and sellers have the reverse preferences. We study the set of possible equilibrium sizes for the two markets, and show that two markets of very different sizes can co-exist even if larger markets are more efficient. This extends the analysis of Ellison and Fudenberg [4] (EF), who ignored the constraint that the number of agents of each type in each market should be an integer, and instead analyzed the “quasi-equilibria” where agents are treated as infinitely divisible. JEL classification: C62; L14; O18; R11
منابع مشابه
Manipulation via Endowments in Exchange Markets with Indivisible Goods
We consider exchange markets with heterogeneous indivisible goods. We are interested in exchange rules that are efficient and immune to manipulations via endowments (either with respect to hiding or destroying part of the endowment or transferring part of the endowment to another trader). We consider three manipulability axioms: hiding-proofness, destruction-proofness, and transfer-proofness. W...
متن کاملCompetitive Equilibria in Two Sided Matching Markets with Non-transferable Utilities
We consider two sided matching markets consisting of agents with non-transferable utilities; agents from the opposite sides form matching pairs (e.g., buyers-sellers) and negotiate the terms of their math which may include a monetary transfer. Competitive equilibria are the elements of the core of this game. We present the first combinatorial characterization of competitive equilibria that rela...
متن کاملStable matching mechanisms are not obviously strategy-proof
Many two-sided matching markets, from labor markets to school choice programs, use a clearinghouse based on the applicant-proposing deferred acceptance algorithm, which is well known to be strategy-proof for the applicants. Nonetheless, a growing amount of empirical evidence reveals that applicants misrepresent their preferences when this mechanism is used. This paper shows that no mechanism th...
متن کاملOne-Sided Matching with Dynamic Preferences (Doctoral Consortium)
One-sided matching is concerned with the allocation of indivisible objects to a set of agents, in the absence of monetary transfers. In contrast to many real-life scenarios such as shift scheduling or course assignment, traditional matching mechanisms assume that agents precisely know their preferences. However, preferences over alternatives may change over time due to idiosyncratic reasons or ...
متن کاملBundling in exchange markets with indivisible goods∗
We study efficient and individually rational exchange rules for markets with heterogeneous indivisible goods that exclude the possibility that an agent benefits by bundling goods in her endowment. Even if agents’ preferences are additive, no such rule exists. JEL Classification: C71, D63, D71.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- Games and Economic Behavior
دوره 69 شماره
صفحات -
تاریخ انتشار 2010