arXiv Open Access 2020

Efficient and fair trading mechanisms for resource exchange in market design

Jingsheng Yu Jun Zhang

Lihat Sumber

Abstrak

We develop a method using parameterized linear equations to define trading mechanisms in market design models. Our method adeptly addresses challenges arising from factors such as complex endowments or coarse priorities, while offering flexibility to incorporate fairness concerns through the selection of equation parameters. Applying this method to models including fractional endowment exchange, priority-based allocation, and house allocation with existing tenants, we obtain new mechanisms that are both efficient and fair in these models.

Topik & Kata Kunci

econ.TH

Penulis (2)

Jingsheng Yu

Jun Zhang

Format Sitasi

APA MLA BibTeX

Yu, J., Zhang, J. (2020). Efficient and fair trading mechanisms for resource exchange in market design. https://arxiv.org/abs/2005.06878

Akses Cepat

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Informasi Jurnal

Tahun Terbit: 2020
Bahasa: en
Sumber Database: arXiv
Akses: Open Access ✓