Abstract
This paper proves the following result on one-sided matching problems: when there are n objects to be assigned to n agents, for n ⩾3, there exits no mechanism that satisfies symmetry, Pareto optimality, and strategy-proofness. Examples of mechanisms are presented to show the independence of the conditions, which also illustrate the well-known tradeoff between equity and efficiency in the framework of matching problems. Finally, some extensions of the result to more general matching problems are considered.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.