منابع مشابه
Choosing Partners: A Classroom Experiment
We describe a classroom experiment designed to present the idea of two-sided matching, the concept of a stable assignment, and the Gale-Shapley deferred acceptance mechanism. Participants need no prior training in economics or game theory, but the exercise will also interest trained economists and game theorists.
متن کاملVariable Quantity Market Clearing Algorithms
Market clearing is the process of matching buy and sell bids in securities markets. The allocative efficiency of such algorithms is important, as the Auctioneer is typically paid a commission on the number of bids matched and the volume of quantity traded. Previous algorithms have concentrated on price issues. This paper presents several market clearing algorithms that focus solely on allocatin...
متن کاملA Classroom Investment Coordination Experiment
In this classroom experiment students represent firms that make investment decisions.They play a repeated game with each firm privately choosing its level of investment. Participating in the experiment helps students understand theories that posit coordination failure as the cause of economic fluctuations. Students see that when firms expect a recession, their resulting low levels of investment...
متن کاملA Market Clearing Solution for Social Lending
The social lending market, with over a billion dollars in loans, is a two-sided matching market where borrowers specify demands and lenders specify total budgets and their desired interest rates from each acceptable borrower. Because different borrowers correspond to different risk-return profiles, lenders have preferences over acceptable borrowers; a borrower prefers lenders in order of the in...
متن کاملA Kernel Method for Market Clearing
The problem of market clearing in an economy is that of finding prices such that supply meets demand. In this work, we propose a kernel method to compute nonlinear clearing prices for instances where linear prices do not suffice. We first present a procedure that, given a sample of values and costs for a set of bundles, implicitly computes nonlinear clearing prices by solving an appropriately f...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Southern Economic Journal
سال: 2002
ISSN: 0038-4038
DOI: 10.2307/1061564