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We run laboratory experiments where subjects are matched to colleges, and colleges are not strategic agents. We test … the Gale-Shapley Deferred Acceptance (DA) mechanism versus the Iterative Deferred Acceptance Mechanism (IDAM), a matching … robustness of stability between the rounds of experiments. Our findings provide substantial support for the rising practice of …
Persistent link: https://www.econbiz.de/10011574107
We experimentally investigate how reputational concerns affect behavior in repeated Tullock contests by comparing expenditures of participants interacting in fixed groups with the expenditures of participants interacting with randomly changing opponents. When participants receive full...
Persistent link: https://www.econbiz.de/10011456852
observed outcomes are stable, and among those a large majority culminate at the receiver-optimal stable matching. Second …
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existence of equilibrium. We then apply the solution concept to a matching-based Cournot model in which the unit production cost … technology and human capital are complementary, the positive assortative matching (PAM) is a stable matching under rational … marginal effects of technology and human capital, the PAM is still a rational stable matching. However, if the substitutive …
Persistent link: https://www.econbiz.de/10010191642
We use the theory of abstract convexity to study adverse-selection principal-agent problems and two-sided matching … for stable outcomes featuring positive assortative matching in a matching model. …
Persistent link: https://www.econbiz.de/10010499578
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We develop a theory of stability in many-to-many matching markets. We give conditions under which the setwise …
Persistent link: https://www.econbiz.de/10011703024