M. Bumin Yenmez

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We study many-to-one matchings, such as the assignment of students to colleges, where the students have preferences over the other students who would attend the same college. It is well known that the core of this model may be empty, without strong assumptions on agents’ preferences. We introduce a method that finds all core matchings, if any exist. The(More)
Controlled choice over public schools attempts giving parents selection options while maintaining diversity of different student types. In practice, diversity constraints are often enforced by setting hard upper bounds and hard lower bounds for each student type. We demonstrate that, with hard bounds, there might not exist assignments that satisfy standard(More)
We incorporate externalities into the stable matching theory of two-sided markets: We establish the existence of stable matchings provided that externalities are positive and agents’ choices satisfy substitutability, and we show that the standard insights of matching theory, such as the existence of side optimal stable matchings and the rural hospitals(More)
This paper analyzes position auctions with general pricing rules. In these auctions, there are several items to be allocated which are commonly ranked by agents with unit demand. The preeminent example of position auctions is the “generalized second-price” (GSP) auction used by major search engines to sell online advertising. Edelman et al. (2007) establish(More)
I study a market where agents with unit demand jointly own heterogeneous goods. In this market, the existence of an efficient, incentive compatible, individually rational, and budget balanced mechanism depends on the shares of the agents. I characterize the set of shares for which having such a mechanism is possible. This set includes the symmetric(More)
We extend the equivalence between Bayesian and dominant strategy implementation established by Gershkov et al. (Econometrica, 2013) to environments with non-linear utilities satisfying the average single-crossing property and the convex-valued assumption. The new equivalence result produces novel implications to the literature on the principal-agent problem(More)