Title : Exchange programs requiring balanced exchange, by Dur and Ünver
link : Exchange programs requiring balanced exchange, by Dur and Ünver
Exchange programs requiring balanced exchange, by Dur and Ünver
Some exchange programs require balance--such as exchanges of students among colleges, e.g. for study abroad. Here's a paper addressing that in the JPE, with some impossibility results and a constrained optimality approach:
Two-Sided Matching via Balanced Exchange
Umut Mert Dur, North Carolina State University
and
M. Utku Ünver, Boston College and Deakin University
Journal of Political Economy 127, no. 3 (June 2019): 1156-1177.
Abstract We introduce a new matching model to mimic two-sided exchange programs such as tuition and worker exchanges, in which export-import balances are required for longevity of programs. These exchanges use decentralized markets, making it difficult to achieve this goal. We introduce the two-sided top trading cycles, the unique mechanism that is balanced-efficient, worker-strategy-proof, acceptable, individually rational, and respecting priority bylaws regarding worker eligibility. Moreover, it encourages exchange, because full participation induces a dominant-strategy equilibrium for firms. We extend it to dynamic settings permitting tolerable yearly imbalances and demonstrate that its regular and tolerable versions perform considerably better than models of current practice.
*********
Here's an earlier post about an exchange program of the kind addressed in the paper:
Two-Sided Matching via Balanced Exchange
Umut Mert Dur, North Carolina State University
and
M. Utku Ünver, Boston College and Deakin University
Journal of Political Economy 127, no. 3 (June 2019): 1156-1177.
Abstract We introduce a new matching model to mimic two-sided exchange programs such as tuition and worker exchanges, in which export-import balances are required for longevity of programs. These exchanges use decentralized markets, making it difficult to achieve this goal. We introduce the two-sided top trading cycles, the unique mechanism that is balanced-efficient, worker-strategy-proof, acceptable, individually rational, and respecting priority bylaws regarding worker eligibility. Moreover, it encourages exchange, because full participation induces a dominant-strategy equilibrium for firms. We extend it to dynamic settings permitting tolerable yearly imbalances and demonstrate that its regular and tolerable versions perform considerably better than models of current practice.
*********
Here's an earlier post about an exchange program of the kind addressed in the paper:
Friday, February 20, 2009
Thus Article Exchange programs requiring balanced exchange, by Dur and Ünver
that is all articles Exchange programs requiring balanced exchange, by Dur and Ünver This time, hopefully can provide benefits to all of you. Okay, see you in another article post.
You now read the article Exchange programs requiring balanced exchange, by Dur and Ünver with the link address https://americanjobsandvicinity.blogspot.com/2019/07/exchange-programs-requiring-balanced.html
0 Response to "Exchange programs requiring balanced exchange, by Dur and Ünver"
Post a Comment