Making Marketplaces Safe: Dominant Individual Rationality and Applications to Market Design
提出占优个体理性(DIR)这一新标准,确保参与者加入市场比使用原有机构更有利,并应用于劳动市场和共享经济的设计。
Often market designers cannot force agents to join a marketplace rather than using pre-existing institutions. We propose a new desideratum for marketplace design that guarantees the safety of participation: dominant individual rationality (DIR). A marketplace is DIR if every pre-existing strategy is weakly dominated by some strategy within the marketplace. We study applications to the design of labor markets and the sharing economy. We also provide a general construction to achieve approximate DIR across a wide range of marketplace designs. This paper was accepted by Yan Chen, decision analysis.