2019/12/04 by Haris Aziz · 1 citation
Economics, Econometrics and Finance · Decision Sciences · #Game Theory and Voting Systems #Auction Theory and Applications #Economic theories and models
paper · doi:10.1007/s10458-019-09426-w
openalex created_date 2019/05/29 · openalex publication_date 2019/12/04 · openalex updated_date 2026/07/29
We consider multi-item exchange markets in which agents want to receive one of their target bundles of resources. The model encompasses well-studied markets for kidney exchange, lung exchange, and multi-organ exchange. We identify a general and sufficient condition called weak consistency for the exchange mechanisms to be strategyproof even if we impose any kind of distributional, diversity, or exchange cycle constraints. Within the class of weakly consistent and strategyproof mechanisms, we highlight two important ones that satisfy constrained Pareto optimality and strong individual rationality. Several results in the literature follow from our insights. We also derive impossibility results when constrained Pareto optimality is defined with respect to more permissive individual rationality requirements.