A Cooperative Approach to Queue Allocation of Indivisible Objects

Abstract

We consider the allocation of a finite number of indivisible objects to the same number of agents according to an exogenously given queue. We assume that the agents collaborate in order to achieve an efficient outcome for society. We allow for side-payments and provide a method for obtaining stable outcomes.
Published as: Calibration of Stochastic Volatility Models Via Second-Order Approximation: the Heston Case in International Journal of Theoretical and Applied Finance , Vol. 18, No. 6, Art. Num. 1550036, January, 2015