Organizing time banks: Lessons from matching markets
A time bank is a group of people that set up a common platform to trade services among themselves. There are several well-known problems associated with this type of time banking, e.g., high overhead costs and difficulties to identify feasible trades. This paper constructs a non-manipulable mechanism that selects an individually rational and time-balanced allocation which maximizes exchanges among the members of the time bank (and those allocations are efficient). The mechanism works on a domain of preferences where agents classify services as unacceptable and acceptable (and for those services agents have specific upper quotas representing their maximum needs).
Market design Time banking Priority mechanism Non-manipulability