Deferred-acceptance auction

The deferred-acceptance auction is a mechanism used in markets where participants submit bids for items, and the allocation of items to bidders is determined based on those bids. This approach is often used to achieve an efficient allocation of resources and can be designed to ensure specific fairness or efficiency criteria are met. ### Key Features of Deferred-Acceptance Auctions: 1. **Bidding Process**: Participants submit bids for one or more items in a round-based system.