{"title":"Two-sided unobservable investment, bargaining, and efficiency","authors":"Erol Akçay, Adam Meirowitz, Kristopher W. Ramsay","doi":"10.1007/s10058-018-0213-4","DOIUrl":"https://doi.org/10.1007/s10058-018-0213-4","url":null,"abstract":"","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"17 1","pages":"123 - 147"},"PeriodicalIF":0.7,"publicationDate":"2018-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10058-018-0213-4","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52120812","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"NTU-bankruptcy problems: consistency and the relative adjustment principle","authors":"B. Dietzenbacher, P. Borm, A. Estévez-Fernández","doi":"10.2139/ssrn.3066684","DOIUrl":"https://doi.org/10.2139/ssrn.3066684","url":null,"abstract":"This paper axiomatically studies bankruptcy problems with nontransferable utility by focusing on generalizations of consistency and the contested garment principle. On the one hand, we discuss several consistency notions and introduce the class of parametric bankruptcy rules which contains the proportional rule, the constrained relative equal awards rule, and the constrained relative equal losses rule. On the other hand, we introduce the class of adjusted bankruptcy rules and characterize the relative adjustment principle by truncation invariance, minimal rights first, and a weak form of relative symmetry.","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"24 6","pages":"101-122"},"PeriodicalIF":0.7,"publicationDate":"2017-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41303312","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Transfer of Authority within Hierarchy","authors":"Pinghan Liang","doi":"10.2139/SSRN.1535568","DOIUrl":"https://doi.org/10.2139/SSRN.1535568","url":null,"abstract":"This paper studies delegation and communication in a model of three-tier hierarchy. There is an uninformed principal, and uninformed intermediary, and an informed agent. Under delegation the principal chooses an interval of actions to delegate to the intermediary, and the intermediary chooses a sub-interval from that interval to delegate to the agent. Under communication, the agent communicates with the intermediary, after which the intermediary communicates with the principal. We characterize the equilibrium outcomes under delegation and communication. We show that under delegation the principal can appoint a more biased individual to be the intermediary, and a less biased individual to be the agent. Furthermore, we demonstrate that the principal can prefer to communicate with the subordinates rather than delegate decision rights to them if the intermediary and the agent have opposing biased.","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"21 1","pages":"273-290"},"PeriodicalIF":0.7,"publicationDate":"2017-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42585132","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"On the welfare effects of affirmative actions in school choice","authors":"Yun Liu","doi":"10.1007/s10058-017-0200-1","DOIUrl":"https://doi.org/10.1007/s10058-017-0200-1","url":null,"abstract":"","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"21 1","pages":"121 - 151"},"PeriodicalIF":0.7,"publicationDate":"2017-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10058-017-0200-1","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47590603","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Priority-driven behaviors under the Boston mechanism","authors":"David Cantala, J. Pereyra","doi":"10.1007/s10058-017-0197-5","DOIUrl":"https://doi.org/10.1007/s10058-017-0197-5","url":null,"abstract":"","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"21 1","pages":"49 - 63"},"PeriodicalIF":0.7,"publicationDate":"2017-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10058-017-0197-5","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52120567","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exchange-stability in roommate problems","authors":"Azar Abizada","doi":"10.2139/ssrn.2846382","DOIUrl":"https://doi.org/10.2139/ssrn.2846382","url":null,"abstract":"We study one-sided matching problem, also known as roommate problem, where a group of people need to be paired in order to be assigned to certain rooms. We assume that number of rooms are limited and thus no one can be by himself. Each student has strict preferences over their roommates. Central notion in this problem is stability. We consider exchange-stability of Alcalde (Econ Des 1:275–287, 1995), which is immune to group of students exchanging their rooms/roommates with each other. He shows that exchange-stable matching may not always exist and considers specific domains of preferences to guarantee existence of such matching. We define more general domains of preferences on which exchange-stable matching is guaranteed to exist.","PeriodicalId":44537,"journal":{"name":"Review of Economic Design","volume":"23 1","pages":"3-12"},"PeriodicalIF":0.7,"publicationDate":"2016-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68383918","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}