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Asymptotic Equivalence of Probabilistic Serial and Random Priority Mechanisms
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Cited by:
- Atila Abdulkadiro?lu & Yeon-Koo Che & Yosuke Yasuda, 2015.
"Expanding "Choice" in School Choice,"
American Economic Journal: Microeconomics, American Economic Association, vol. 7(1), pages 1-42, February.
- Atila Abdulkadiroglu & Yeon-Koo Che & Yosuke Yasuda, 2008. "Expanding "Choice" in School Choice," GRIPS Discussion Papers 08-17, National Graduate Institute for Policy Studies.
- Atila Abdulkadiroğlu & Yeon-Koo Che & Yosuke Yasuda, 2010. "Expanding “Choice” in School Choice," Levine's Working Paper Archive 661465000000000062, David K. Levine.
- Atila Abdulkadiroglu & Yeon-Koo Che & Yosuke Yasuda, 2010. "Expanding 'Choice' in School Choice," Working Papers 10-23, Duke University, Department of Economics.
- Yeon-Koo Che & Olivier Tercieux, 2019.
"Efficiency and Stability in Large Matching Markets,"
Journal of Political Economy, University of Chicago Press, vol. 127(5), pages 2301-2342.
- Yeon-Koo Che & Olivier Tercieux, 2015. "Efficiency and Stability in Large Matching Markets," Cowles Foundation Discussion Papers 2013, Cowles Foundation for Research in Economics, Yale University.
- Yeon-Koo Che & Olivier Tercieux, 2019. "Efficiency and Stability in Large Matching Markets," Post-Print halshs-02087847, HAL.
- Yeon Koo Che & Olivier Tercieux, 2015. "Efficiency and Stability in Large Matching Markets," Levine's Bibliography 786969000000001065, UCLA Department of Economics.
- Yeon-Koo Che & Olivier Tercieux, 2019. "Efficiency and Stability in Large Matching Markets," PSE-Ecole d'économie de Paris (Postprint) halshs-02087847, HAL.
- Antonio Miralles & Marek Pycia, 2017. "Large vs. Continuum Assignment Economies: Efficiency and Envy-Freeness," Working Papers 950, Barcelona School of Economics.
- Hougaard, Jens Leth & Moreno-Ternero, Juan D. & Østerdal, Lars Peter, 2014.
"Assigning agents to a line,"
Games and Economic Behavior, Elsevier, vol. 87(C), pages 539-553.
- Hougaard, Jens Leth & Moreno-Ternero, Juan D. & Østerdal, Lars Peter, 2012. "Assigning agents to a line," Discussion Papers on Economics 11/2012, University of Southern Denmark, Department of Economics.
- HOUGAARD, Jens L. & moreno-ternero, JUAN D. & OSTERDAL, Lars P., 2013. "Assigning agents to a line," LIDAM Discussion Papers CORE 2013015, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- HOUGAARD, Jens Leth & MORENO-TERNERO, Juan D & OSTERDAL, Lars Peter, 2014. "Assigning agents to a line," LIDAM Reprints CORE 2631, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Jens L. Hougaard & Juan D. Moreno-Ternero & Lars P. Osterdal, 2014. "Assigning agents to a line," Working Papers 14.01, Universidad Pablo de Olavide, Department of Economics.
- Kojima, Fuhito, 2013. "Efficient resource allocation under multi-unit demand," Games and Economic Behavior, Elsevier, vol. 82(C), pages 1-14.
- Monique De Haan & Pieter A. Gautier & Hessel Oosterbeek & Bas van der Klaauw, 2023.
"The Performance of School Assignment Mechanisms in Practice,"
Journal of Political Economy, University of Chicago Press, vol. 131(2), pages 388-455.
- Oosterbeek, Hessel & Gautier, Pieter & van der Klaauw, Bas & de Haan, Monique, 2015. "The performance of school assignment mechanisms in practice," CEPR Discussion Papers 10656, C.E.P.R. Discussion Papers.
- de Haan, Monique & Gautier, Pieter A. & Oosterbeek, Hessel & van der Klaauw, Bas, 2015. "The Performance of School Assignment Mechanisms in Practice," IZA Discussion Papers 9118, Institute of Labor Economics (IZA).
- Anno, Hidekazu & Kurino, Morimitsu, 2016. "On the operation of multiple matching markets," Games and Economic Behavior, Elsevier, vol. 100(C), pages 166-185.
- Fuhito Kojima & M. Ünver, 2014. "The “Boston” school-choice mechanism: an axiomatic approach," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(3), pages 515-544, April.
- Che, Yeon-Koo & Tercieux, Olivier, 2018.
"Payoff equivalence of efficient mechanisms in large matching markets,"
Theoretical Economics, Econometric Society, vol. 13(1), January.
- Yeon Koo Che & Olivier Tercieux, 2015. "Payoff Equivalence of Efficient Mechanisms in Large Matching Markets," Levine's Bibliography 786969000000001049, UCLA Department of Economics.
- Yeon-Koo Che & Olivier Tercieux, 2018. "Payoff Equivalence of Efficient Mechanisms in Large Matching Markets," PSE-Ecole d'économie de Paris (Postprint) halshs-01631682, HAL.
- Yeon-Koo Che & Olivier Tercieux, 2015. "Payoff Equivalence of Efficient Mechanisms in Large Matching Markets," Cowles Foundation Discussion Papers 2015, Cowles Foundation for Research in Economics, Yale University.
- Yeon-Koo Che & Olivier Tercieux, 2018. "Payoff Equivalence of Efficient Mechanisms in Large Matching Markets," Post-Print halshs-01631682, HAL.
- Eric Budish & Estelle Cantillon, 2012.
"The Multi-unit Assignment Problem: Theory and Evidence from Course Allocation at Harvard,"
American Economic Review, American Economic Association, vol. 102(5), pages 2237-2271, August.
- Eric Budish & Estelle Cantillon, 2009. "The Multi-unit Assignment Problem: Theory and Evidence from Course Allocation at Harvard," Working Papers ECARES 2010-02, ULB -- Universite Libre de Bruxelles.
- Cantillon, Estelle & Budish, Eric, 2010. "The Multi-unit Assignment Problem: Theory and Evidence from Course Allocation at Harvard," CEPR Discussion Papers 7641, C.E.P.R. Discussion Papers.
- Eric Budish & Estelle Cantillon, 2012. "The Multi-unit Assignment Problem: Theory and Evidence from Course Allocation at Harvard," ULB Institutional Repository 2013/99376, ULB -- Universite Libre de Bruxelles.
- Parag A. Pathak & Alvin E. Roth, 2013.
"Matching with Couples: Stability and Incentives in Large Markets,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(4), pages 1585-1632.
- Fuhito Kojima & Parag A. Pathak & Alvin E. Roth, 2010. "Matching with Couples: Stability and Incentives in Large Markets," NBER Working Papers 16028, National Bureau of Economic Research, Inc.
- Kojima, Fuhito & Pathak, Parag & Roth, Alvin E., 2013. "Matching with Couples: Stability and Incentives in Large Markets," Scholarly Articles 30831454, Harvard University Department of Economics.
- Fuhito Kojima & Parag Pathak & Alvin Roth, 2013. "Matching with Couples: Stability and Incentives in Large Markets," Discussion Papers 12-018, Stanford Institute for Economic Policy Research.
- Patrick Harless & William Phan, 2020. "On endowments and indivisibility: partial ownership in the Shapley–Scarf model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 70(2), pages 411-435, September.
- Scott Duke Kominers & Parag A. Pathak & Tayfun Sönmez & M. Utku Ünver, 2020.
"Paying It Backward and Forward: Expanding Access to Convalescent Plasma Therapy Through Market Design,"
Boston College Working Papers in Economics
1007, Boston College Department of Economics.
- Scott Duke Kominers & Parag A. Pathak & Tayfun Sönmez & M. Utku Ünver, 2020. "Paying It Backward and Forward: Expanding Access to Convalescent Plasma Therapy Through Market Design," NBER Working Papers 27143, National Bureau of Economic Research, Inc.
- Tayfun Sönmez & M. Utku Ünver & M. Bumin Yenmez, 2020.
"Incentivized Kidney Exchange,"
American Economic Review, American Economic Association, vol. 110(7), pages 2198-2224, July.
- Tayfun Sönmez & M. Utku Ünver & M. Bumin Yenmez, 2017. "Incentivized Kidney Exchange," Boston College Working Papers in Economics 931, Boston College Department of Economics, revised 15 Apr 2018.
- Yoichi Kasajima, 2013. "Probabilistic assignment of indivisible goods with single-peaked preferences," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 41(1), pages 203-215, June.
- John Kennes & Daniel Monte & Norovsambuu Tumennasan, 2015. "Dynamic Matching Markets and the Deferred Acceptance Mechanism," Economics Working Papers 2015-23, Department of Economics and Business Economics, Aarhus University.
- Aytek Erdil, 2013. "Strategy-Proof Stochastic Assignment," Cambridge Working Papers in Economics 1333, Faculty of Economics, University of Cambridge.
- Felix Brandt & Patrick Lederer & Ren'e Romen, 2022. "Relaxed Notions of Condorcet-Consistency and Efficiency for Strategyproof Social Decision Schemes," Papers 2201.10418, arXiv.org.
- Erdil, Aytek, 2014. "Strategy-proof stochastic assignment," Journal of Economic Theory, Elsevier, vol. 151(C), pages 146-162.
- Pu, Yun, 2020. "College admission in three Chinese provinces: Province-specific versus pooling quotas," China Economic Review, Elsevier, vol. 60(C).
- Hafalir, Isa & Miralles, Antonio, 2015.
"Welfare-maximizing assignment of agents to hierarchical positions,"
Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 253-270.
- Isa Hafalir & Antonio Miralles, "undated". "Welfare-Maximizing Assignment of Agents to Hierarchical Positions," GSIA Working Papers 2015-E6, Carnegie Mellon University, Tepper School of Business.
- Aziz, Haris & Brandl, Florian & Brandt, Felix & Brill, Markus, 2018. "On the tradeoff between efficiency and strategyproofness," Games and Economic Behavior, Elsevier, vol. 110(C), pages 1-18.
- Radzik, Tadeusz, 2013. "Is the solidarity value close to the equal split value?," Mathematical Social Sciences, Elsevier, vol. 65(3), pages 195-202.
- Brandl, Florian & Brandt, Felix & Suksompong, Warut, 2016. "The impossibility of extending random dictatorship to weak preferences," Economics Letters, Elsevier, vol. 141(C), pages 44-47.
- Akyol, Ethem, 2023. "Inefficiency of Random Serial Dictatorship under incomplete information," Journal of Economic Theory, Elsevier, vol. 213(C).
- Hagen, Martin, 2022. "Tradable immigration quotas revisited," Journal of Public Economics, Elsevier, vol. 208(C).
- Athanassoglou, Stergios, 2011.
"Efficiency under a combination of ordinal and cardinal information on preferences,"
Journal of Mathematical Economics, Elsevier, vol. 47(2), pages 180-185, March.
- Athanassoglou, Stergios, 2011. "Efficiency under a Combination of Ordinal and Cardinal Information on Preferences," Sustainable Development Papers 101288, Fondazione Eni Enrico Mattei (FEEM).
- Balbuzanov, Ivan, 2022. "Constrained random matching," Journal of Economic Theory, Elsevier, vol. 203(C).
- Noda, Shunya, 2022. "Strategic experimentation with random serial dictatorship," Games and Economic Behavior, Elsevier, vol. 133(C), pages 115-125.
- Itai Ashlagi & Mark Braverman & Avinatan Hassidim, 2014. "Stability in Large Matching Markets with Complementarities," Operations Research, INFORMS, vol. 62(4), pages 713-732, August.
- Basteck, Christian & Ehlers, Lars, 2023. "Strategy-proof and envy-free random assignment," Journal of Economic Theory, Elsevier, vol. 209(C).
- He, Yinghua, 2012.
"Gaming the Boston School Choice Mechanism in Beijing,"
TSE Working Papers
12-345, Toulouse School of Economics (TSE).
- He, Yinghua, 2015. "Gaming the Boston School Choice Mechanism in Beijing," TSE Working Papers 15-551, Toulouse School of Economics (TSE), revised Sep 2017.
- Basteck, Christian & Ehlers, Lars H., 2023. "On the constrained efficiency of strategy-proof random assignment," Discussion Papers, Research Unit: Market Behavior SP II 2023-202, WZB Berlin Social Science Center.
- Allman, Maxwell & Ashlagi, Itai & Nikzad, Afshin, 2023. "On rank dominance of tie-breaking rules," Theoretical Economics, Econometric Society, vol. 18(2), May.
- Thanh Nguyen & Ahmad Peivandi & Rakesh Vohra, 2014. "One-Sided Matching with Limited Complementarities," PIER Working Paper Archive 14-030, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Morrill, Thayer, 2015. "Making just school assignments," Games and Economic Behavior, Elsevier, vol. 92(C), pages 18-27.
- Hatfield, John William & Kojima, Fuhito & Narita, Yusuke, 2016. "Improving schools through school choice: A market design approach," Journal of Economic Theory, Elsevier, vol. 166(C), pages 186-211.
- Ashlagi, Itai & Nikzad, Afshin & Romm, Assaf, 2019. "Assigning more students to their top choices: A comparison of tie-breaking rules," Games and Economic Behavior, Elsevier, vol. 115(C), pages 167-187.
- Hashimoto, Tadashi, 2018. "The generalized random priority mechanism with budgets," Journal of Economic Theory, Elsevier, vol. 177(C), pages 708-733.
- Marek Pycia & Peter Troyan, 2023.
"A Theory of Simplicity in Games and Mechanism Design,"
Econometrica, Econometric Society, vol. 91(4), pages 1495-1526, July.
- Marek Pycia & Peter Troyan, 2021. "A theory of simplicity in games and mechanism design," ECON - Working Papers 393, Department of Economics - University of Zurich.
- Pycia, Marek & Troyan, Peter, 2022. "A Theory of Simplicity in Games and Mechanism Design," CEPR Discussion Papers 14043, C.E.P.R. Discussion Papers.
- Alexander Nesterov, "undated".
"Fairness and Efficiency in a Random Assignment: Three Impossibility Results,"
BDPEMS Working Papers
2014006, Berlin School of Economics.
- Nesterov, Alexander S., 2014. "Fairness and efficiency in a random assignment: Three impossibility results," Discussion Papers, Research Unit: Market Behavior SP II 2014-211, WZB Berlin Social Science Center.
- Han, Xiang, 2024. "A theory of fair random allocation under priorities," Theoretical Economics, Econometric Society, vol. 19(3), July.
- Yinghua He & Antonio Miralles & Jianye Yan, 2012.
"Competitive Equilibrium from Equal Incomes for Two-Sided Matching,"
Working Papers
692, Barcelona School of Economics.
- He, Yinghua & Yan, Jianye, 2012. "Competitive Equilibrium from Equal Incomes for Two-Sided Matching," TSE Working Papers 12-344, Toulouse School of Economics (TSE).
- Atila Abdulkadiroğlu & Joshua D. Angrist & Yusuke Narita & Parag A. Pathak, 2017.
"Research Design Meets Market Design: Using Centralized Assignment for Impact Evaluation,"
Econometrica, Econometric Society, vol. 85, pages 1373-1432, September.
- Atila Abdulkadiroglu & Joshua D. Angrist & Yusuke Narita & Parag A. Pathak, 2015. "Research Design Meets Market Design: Using Centralized Assignment for Impact Evaluation," NBER Working Papers 21705, National Bureau of Economic Research, Inc.
- Abdulkadiroglu, Atila & Angrist, Joshua & Narita, Yusuke & Pathak, Parag A., 2016. "Research Design Meets Market Design: Using Centralized Assignment for Impact Evaluation," IZA Discussion Papers 10429, Institute of Labor Economics (IZA).
- Atila Abdulkadiroglu & Joshua D. Angrist & Yusuke Narita & Parag A. Pathak, 2017. "Research Design Meets Market Design: Using Centralized Assignment for Impact Evaluation," Cowles Foundation Discussion Papers 2080, Cowles Foundation for Research in Economics, Yale University.
- Bogomolnaia, Anna & Moulin, Herve, 2015. "Size versus fairness in the assignment problem," Games and Economic Behavior, Elsevier, vol. 90(C), pages 119-127.
- Chang, Hee-In & Chun, Youngsub, 2017. "Probabilistic assignment of indivisible objects when agents have the same preferences except the ordinal ranking of one object," Mathematical Social Sciences, Elsevier, vol. 90(C), pages 80-92.
- Nesterov, Alexander S., 2017. "Fairness and efficiency in strategy-proof object allocation mechanisms," Journal of Economic Theory, Elsevier, vol. 170(C), pages 145-168.
- Basteck, Christian & Ehlers, Lars H., 2022. "Strategy-proof and envy-free random assignment," Discussion Papers, Research Unit: Market Behavior SP II 2022-208, WZB Berlin Social Science Center.
- Yajing Chen & Patrick Harless & Zhenhua Jiao, 2021. "The probabilistic rank random assignment rule and its axiomatic characterization," Papers 2104.09165, arXiv.org.
- Wonki Jo Cho, 2018. "Probabilistic assignment: an extension approach," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 51(1), pages 137-162, June.
- Combe, Julien & Nora, Vladyslav & Tercieux, Olivier, 0. "Dynamic assignment without money: optimality of spot mechanisms," Theoretical Economics, Econometric Society.
- Tomoya Tajika & Tomoya Kazumura, 2016. "Non-manipulability of Walrasian mechanisms in economies with a large number of objects," ISER Discussion Paper 0972, Institute of Social and Economic Research, Osaka University.
- Shende, Priyanka & Purohit, Manish, 2023. "Strategy-proof and envy-free mechanisms for house allocation," Journal of Economic Theory, Elsevier, vol. 213(C).
- Cho, Wonki Jo, 2016. "Incentive properties for ordinal mechanisms," Games and Economic Behavior, Elsevier, vol. 95(C), pages 168-177.
- Martin Bichler & Soeren Merting, 2021. "Randomized Scheduling Mechanisms: Assigning Course Seats in a Fair and Efficient Way," Production and Operations Management, Production and Operations Management Society, vol. 30(10), pages 3540-3559, October.
- Steven Lalley & Glen Weyl, 2015. "Quadratic Voting," Working Papers 2016-13, Becker Friedman Institute for Research In Economics.
- Priyanka Shende & Manish Purohit, 2020. "Strategy-proof and Envy-free Mechanisms for House Allocation," Papers 2010.16384, arXiv.org.
- Cho, Wonki Jo, 2016. "When is the probabilistic serial assignment uniquely efficient and envy-free?," Journal of Mathematical Economics, Elsevier, vol. 66(C), pages 14-25.
- Haris Aziz & Yoichi Kasajima, 2017. "Impossibilities for probabilistic assignment," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 49(2), pages 255-275, August.
- Sulagna Dasgupta & Debasis Mishra, 2022. "Ordinal Bayesian incentive compatibility in random assignment model," Review of Economic Design, Springer;Society for Economic Design, vol. 26(4), pages 651-664, December.
- Radoslav Raykov, 2017. "Stability and Efficiency in Decentralized Two-Sided Markets with Weak Preferences," Staff Working Papers 17-4, Bank of Canada.
- John William Hatfield & Fuhito Kojima & Yusuke Narita, 2011.
"Promoting School Competition Through School Choice: A Market Design Approach,"
Working Papers
2011-018, Human Capital and Economic Opportunity Working Group.
- John William Hatfield & Fuhito Kojima & Yusuke Narita, 2012. "Promoting School Competition Through School Choice: A Market Design Approach," Discussion Papers 12-036, Stanford Institute for Economic Policy Research.
- John Hatfield & Fuhito Kojima & Yusuke Narita, 2012. "Promoting School Competition Through School Choice: A Market Design Approach," Discussion Papers 12-019, Stanford Institute for Economic Policy Research.
- Jingsheng Yu & Jun Zhang, 2020. "Efficient and fair trading algorithms in market design environments," Papers 2005.06878, arXiv.org, revised May 2021.
- Basteck, Christian & Ehlers, Lars, 2021. "Strategy-Proof and Envy-Free Random Assignment," Rationality and Competition Discussion Paper Series 307, CRC TRR 190 Rationality and Competition.
- Georgy Artemov & Yeon-Koo Che & YingHua He, 2023.
"Stable Matching with Mistaken Agents,"
Journal of Political Economy Microeconomics, University of Chicago Press, vol. 1(2), pages 270-320.
- Georgy Artemov & Yeon-Koo Che & YingHua He, 2022. "Stable Matching with Mistaken Agents," Papers 2207.13939, arXiv.org, revised Oct 2022.
- Kojima, Fuhito, 2009. "Random assignment of multiple indivisible objects," Mathematical Social Sciences, Elsevier, vol. 57(1), pages 134-142, January.
- Trifunović Dejan, 2019. "The Review of Methods for Assignment of Elective Courses at Universities," Economic Themes, Sciendo, vol. 57(4), pages 511-526, December.
- Demeulemeester, Tom & Goossens, Dries & Hermans, Ben & Leus, Roel, 2023. "A pessimist’s approach to one-sided matching," European Journal of Operational Research, Elsevier, vol. 305(3), pages 1087-1099.
- Marek Pycia & M. Utku Ünver, 2022. "Outside options in neutral allocation of discrete resources," Review of Economic Design, Springer;Society for Economic Design, vol. 26(4), pages 581-604, December.
- Tim Roughgarden & Inbal Talgam-Cohen, 2018. "Approximately Optimal Mechanism Design," Papers 1812.11896, arXiv.org, revised Aug 2020.
- Sulagna Dasgupta & Debasis Mishra, 2020.
"Ordinal Bayesian incentive compatibility in random assignment model,"
Papers
2009.13104, arXiv.org, revised May 2021.
- Sulagna Dasgupta & Debasis Mishra, 2020. "Ordinal Bayesian incentive compatibility in random assignment model," Discussion Papers 20-06, Indian Statistical Institute, Delhi.
- Morimitsu Kurino, 2014. "House Allocation with Overlapping Generations," American Economic Journal: Microeconomics, American Economic Association, vol. 6(1), pages 258-289, February.
- Yinghua He & Antonio Miralles & Marek Pycia & Jianye Yan, 2018.
"A Pseudo-Market Approach to Allocation with Priorities,"
American Economic Journal: Microeconomics, American Economic Association, vol. 10(3), pages 272-314, August.
- He, Yinghua & Miralles, Antonio & Pycia, Marek & Yan, Jianye, 2015. "A Pseudo-Market Approach to Allocation with Priorities," TSE Working Papers 15-601, Toulouse School of Economics (TSE), revised Jul 2017.
- Tomoya Tajika & Tomoya Kazumura, 2019. "Non-manipulability of uniform price auctions with a large number of objects," International Journal of Game Theory, Springer;Game Theory Society, vol. 48(2), pages 543-569, June.
- Cho, Wonki Jo & Doğan, Battal, 2016. "Equivalence of efficiency notions for ordinal assignment problems," Economics Letters, Elsevier, vol. 146(C), pages 8-12.
- Nguyen, Thành & Peivandi, Ahmad & Vohra, Rakesh, 2016. "Assignment problems with complementarities," Journal of Economic Theory, Elsevier, vol. 165(C), pages 209-241.
- Altuntaş, Açelya & Phan, William, 2022. "Trading probabilities along cycles," Journal of Mathematical Economics, Elsevier, vol. 100(C).
- Kamada, Yuichiro & Kojima, Fuhito, 2017. "Stability concepts in matching under distributional constraints," Journal of Economic Theory, Elsevier, vol. 168(C), pages 107-142.
- Tayfun Sönmez & M. Utku Ünver, 2015. "Enhancing the Efficiency of and Equity in Transplant Organ Allocation via Incentivized Exchange," Boston College Working Papers in Economics 868, Boston College Department of Economics.
- Huang, Chao & Tian, Guoqiang, 2017. "Guaranteed size ratio of ordinally efficient and envy-free mechanisms in the assignment problem," Games and Economic Behavior, Elsevier, vol. 105(C), pages 1-8.
- Kesten, Onur, 2009. "Why do popular mechanisms lack efficiency in random environments?," Journal of Economic Theory, Elsevier, vol. 144(5), pages 2209-2226, September.