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Trading cycles for school choice


Pycia, Marek; Ünver, M Utku (2011). Trading cycles for school choice. SSRN 1899344, SSRN eLibrary.

Abstract

In this note we study the allocation and exchange of discrete resources in environments in which monetary transfers are not allowed. We allow each discrete resource to be represented by several copies, extend onto this environment the trading cycles mechanisms of Pycia and Ünver [2009], and show that the extended mechanisms are Pareto efficient and strategy-proof. In particular, we construct the counterpart of Pápai [2000] hiererachical exchange mechanisms for environments with copies.

Abstract

In this note we study the allocation and exchange of discrete resources in environments in which monetary transfers are not allowed. We allow each discrete resource to be represented by several copies, extend onto this environment the trading cycles mechanisms of Pycia and Ünver [2009], and show that the extended mechanisms are Pareto efficient and strategy-proof. In particular, we construct the counterpart of Pápai [2000] hiererachical exchange mechanisms for environments with copies.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
JEL Classification:C78, D78
Uncontrolled Keywords:Mechanism design, group strategy-proofness, Pareto efficiency, matching, house allocation, house exchange, outside options
Language:English
Date:October 2011
Deposited On:05 Jul 2018 12:54
Last Modified:12 Apr 2020 12:20
Series Name:SSRN
Number of Pages:13
ISSN:1556-5068
OA Status:Green
Publisher DOI:https://doi.org/10.2139/ssrn.1899344
Official URL:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1899344

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