Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Apart from twosided matching markets, onesided matching problems (aka assign ment problems), where only one side of the market has preferences, can also often

image text in transcribedimage text in transcribed
2. Apart from twosided matching markets, onesided matching problems (aka assign ment problems), where only one side of the market has preferences, can also often be found. In course assignment problems students often need to be assigned to tutor groups at different times of the week. The material discussed in these tutor groups is identical within a week and tutors do not have preferences, but students do have pref erences for different times in their weekly schedule. This is an example of a onesided onetomany matching problem. In order to solve this type of onesided problem, we can implement the following algorithm: STEP 0: Each agent 7; reports her preferences >,- on objects. All agents are marked active. STEP 1: Each agent 2', points to her most preferred object (possibly her own); each object points back to its owner. STEP 2: This creates a directed graph. In this graph, cycles are identied. Each agent has an outdegree (i.e., the number of directed edges departing from a vertex) equal to 1 , so that there exists at least one directed cycle in the graph. With strict preferences each agent is in at most one cycle. STEP 3: Each agent in a cycle is given the object she points at, and she is then removed from the market with her assigned house. STEP 4: If unmatched agents remain, jump to step 1 and iterate. (a) Consider a set of agents A : {1,2,3,4}, a set of objects 0 = {(1, b, c, d}, and the preference prole >~1 >'2 >'3 >4 d a, c b a d @ELC'rn @031. a. b 0 Applying the algorithm described above shows that the unique matching is p : {(1. C), (2, d), (3.6). (4. b)}- (20 P0111138) 3. Is the onesided matching algorithm strategy proof? (20 Points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economy Of Cities

Authors: Jane Jacobs

1st Edition

039470584X, 9780394705842

More Books

Students also viewed these Economics questions

Question

Subjective norms, i.e. the norms of the target group

Answered: 1 week ago

Question

The relevance of the information to the interpreter

Answered: 1 week ago