The Redesign of the Matching Market for American Physicians
The Redesign of the Matching Market for American Physicians

Author: Alvin E. Roth

Publisher:

Published: 1999

Total Pages: 80

ISBN-13:

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Abstract: We report on the design of the new clearinghouse adopted by the National Resident Matching Program, which annually fills approximately 20,000 jobs for new physicians in the United States. Because that market exhibits many complementarities between applicants and between positions, the theory of simple matching markets does not apply directly. However, computational experiments reveal that the theory provides a good approximation, and furthermore the set of stable matchings, and the opportunities for strategic manipulation, are surprisingly small. A new kind of core convergence' result is presented to explain this; the fact that each applicant can interview for only a small fraction of available positions is important. We also describe in detail engineering aspects of the design process.

Online and Matching-Based Market Design
Online and Matching-Based Market Design

Author: Federico Echenique

Publisher: Cambridge University Press

Published: 2023-05-31

Total Pages: 721

ISBN-13: 1108831990

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Written by more than fifty top researchers, this text comprehensively covers a major inter-disciplinary field and its important applications.

Algorithmics Of Matching Under Preferences
Algorithmics Of Matching Under Preferences

Author: David Manlove

Publisher: World Scientific

Published: 2013-03-20

Total Pages: 524

ISBN-13: 9814425265

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Matching problems with preferences are all around us: they arise when agents seek to be allocated to one another on the basis of ranked preferences over potential outcomes. Efficient algorithms are needed for producing matchings that optimise the satisfaction of the agents according to their preference lists.In recent years there has been a sharp increase in the study of algorithmic aspects of matching problems with preferences, partly reflecting the growing number of applications of these problems worldwide. The importance of the research area was recognised in 2012 through the award of the Nobel Prize in Economic Sciences to Alvin Roth and Lloyd Shapley.This book describes the most important results in this area, providing a timely update to The Stable Marriage Problem: Structure and Algorithms (D Gusfield and R W Irving, MIT Press, 1989) in connection with stable matching problems, whilst also broadening the scope to include matching problems with preferences under a range of alternative optimality criteria.

Matching with Transfers
Matching with Transfers

Author: Pierre-André Chiappori

Publisher: Princeton University Press

Published: 2020-05-26

Total Pages: 262

ISBN-13: 0691203504

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Over the past few decades, matching models, which use mathematical frameworks to analyze allocation mechanisms for heterogeneous products and individuals, have attracted renewed attention in both theoretical and applied economics. These models have been used in many contexts, from labor markets to organ donations, but recent work has tended to focus on "nontransferable" cases rather than matching models with transfers. In this important book, Pierre-André Chiappori fills a gap in the literature by presenting a clear and elegant overview of matching with transfers and provides a set of tools that enable the analysis of matching patterns in equilibrium, as well as a series of extensions. He then applies these tools to the field of family economics and shows how analysis of matching patterns and of the incentives thus generated can contribute to our understanding of long-term economic trends, including inequality and the demand for higher education.

Incentives
Incentives

Author: Donald E. Campbell

Publisher: Cambridge University Press

Published: 2018-02-22

Total Pages: 700

ISBN-13: 1108547958

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When incentives work well, individuals prosper. When incentives are poor, the pursuit of self-interest is self-defeating. This book is wholly devoted to the topical subject of incentives from individual, collective, and institutional standpoints. This third edition is fully updated and expanded, including a new section on the 2007–08 financial crisis and a new chapter on networks as well as specific applications of school placement for students, search engine ad auctions, pollution permits, and more. Using worked examples and lucid general theory in its analysis, and seasoned with references to current and past events, Incentives: Motivation and the Economics of Information examines: the performance of agents hired to carry out specific tasks, from taxi drivers to CEOs; the performance of institutions, from voting schemes to medical panels deciding who gets kidney transplants; a wide range of market transactions, from auctions to labor markets to the entire economy. Suitable for advanced undergraduate and graduate students studying incentives as part of courses in microeconomics, economic theory, managerial economics, political economy, and related areas of social science.

Fundamentals of Computation Theory
Fundamentals of Computation Theory

Author: Evripidis Bampis

Publisher: Springer Nature

Published: 2021-09-11

Total Pages: 476

ISBN-13: 3030865932

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This book constitutes the proceedings of the 23rd International Symposium on Fundamentals of Computation Theory, FCT 2021, held in Athens, Greece, in September 2021. The 30 full papers included in this volume were carefully reviewed and selected from 94 submissions. In addition, the book contains 2 invited talks. The papers cover topics of all aspects of theoretical computer science, in particular algorithms, complexity, formal and logical methods.

IMF Staff Papers, Volume 52, No. 3
IMF Staff Papers, Volume 52, No. 3

Author: International Monetary Fund. Research Dept.

Publisher: International Monetary Fund

Published: 2005-12-22

Total Pages: 193

ISBN-13: 1589064755

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This last issue for 2005 comprises seven new papers, including a contribution to the journal's occasional Special Data Section about domestic debt markets in Sub-Saharan Africa, and also an in-depth look at the internal job market for entry-level economists at the IMF. The remaining articles cover toics as diverse as: modeling of asset markets, exchange rates in developing countries, international bank claims on Latin America, the effectiveness of "early warning" systems, and the use (by emerging market countries) of the IMF's Special Data Dissemination Standard (SDDS).

Handbook of Computational Economics
Handbook of Computational Economics

Author: Leigh Tesfatsion

Publisher: Elsevier

Published: 2006-05-15

Total Pages: 905

ISBN-13: 0080459870

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The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as dynamic systems of interacting agents. Empirical referents for "agents" in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial markets; innovation and technological change; organizations; market design; automated markets and trading agents; political economy; social-ecological systems; computational laboratory development; and general methodological issues.*Every volume contains contributions from leading researchers*Each Handbook presents an accurate, self-contained survey of a particular topic *The series provides comprehensive and accessible surveys

Artificial Intelligence and Economic Theory: Skynet in the Market
Artificial Intelligence and Economic Theory: Skynet in the Market

Author: Tshilidzi Marwala

Publisher: Springer

Published: 2017-09-18

Total Pages: 206

ISBN-13: 3319661043

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This book theoretically and practically updates major economic ideas such as demand and supply, rational choice and expectations, bounded rationality, behavioral economics, information asymmetry, pricing, efficient market hypothesis, game theory, mechanism design, portfolio theory, causality and financial engineering in the age of significant advances in man-machine systems. The advent of artificial intelligence has changed many disciplines such as engineering, social science and economics. Artificial intelligence is a computational technique which is inspired by natural intelligence concepts such as the swarming of birds, the working of the brain and the pathfinding of the ants. Artificial Intelligence and Economic Theory: Skynet in the Market analyses the impact of artificial intelligence on economic theories, a subject that has not been studied. It also introduces new economic theories and these are rational counterfactuals and rational opportunity costs. These ideas are applied to diverse areas such as modelling of the stock market, credit scoring, HIV and interstate conflict. Artificial intelligence ideas used in this book include neural networks, particle swarm optimization, simulated annealing, fuzzy logic and genetic algorithms. It, furthermore, explores ideas in causality including Granger as well as the Pearl causality models.

21st Century Economics: A Reference Handbook
21st Century Economics: A Reference Handbook

Author: Rhona C. Free

Publisher: SAGE Publications

Published: 2010-05-14

Total Pages: 1038

ISBN-13: 145226631X

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Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Economists have dealt with such questions for generations, but they have taken on new meaning and significance. Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is a must-have reference resource. Key Features Provides highly readable summaries of theory and models in key areas of micro and macroeconomics, helpful for students trying to get a "big picture" sense of the field Includes introductions to relevant theory as well as empirical evidence, useful for readers interested in learning about economic analysis of an issue as well for students embarking on research projects Features chapters focused on cutting-edge topics with appeal for economists seeking to learn about extensions of analysis into new areas as well as new approaches Presents models in graphical format and summarizes empirical evidence in ways that do not require much background in statistics or econometrics, so as to maximize accessibility to students