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Strategyproofness-Exposing Mechanism Descriptions / Yannai A. Gonczarowski, Ori Heffetz, Clayton Thomas.

NBER Working papers Available online

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Format:
Book
Author/Creator:
Gonczarowski, Yannai A.
Contributor:
National Bureau of Economic Research.
Heffetz, Ori.
Thomas, Clayton.
Series:
Working Paper Series (National Bureau of Economic Research) no. w31506.
NBER working paper series no. w31506
Language:
English
Physical Description:
1 online resource: illustrations (black and white);
Place of Publication:
Cambridge, Mass. National Bureau of Economic Research 2023.
Summary:
A menu description presents a mechanism to player i in two steps. Step (1) uses the reports of other players to describe i's menu: the set of i's potential outcomes. Step (2) uses i's report to select i's favorite outcome from her menu. Can menu descriptions better expose strategyproofness, without sacrificing simplicity? We propose a new, simple menu description of Deferred Acceptance. We prove that--in contrast with other common matching mechanisms--this menu description must differ substantially from the corresponding traditional description. We demonstrate, with a lab experiment on two elementary mechanisms, the promise and challenges of menu descriptions.
Notes:
Print version record
July 2023.

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