Showing 1 - 10 of 23
. Constraining choices increases segregation and affects the stability and efficiency of the final allocation. Remarkably, the …
Persistent link: https://www.econbiz.de/10010547189
Couples looking for jobs in the same labor market may cause instabilities. We determine a natural preference domain, the domain of weakly responsive preferences, that guarantees stability. Under a restricted unemployment aversion condition we show that this domain is maximal for the existence of...
Persistent link: https://www.econbiz.de/10010547122
employ (variants of) the so-called Boston mechanism the transition would lead to efficiency gains. The first two mechanisms … fixed number of schools to be acceptable. We focus on the stability and efficiency of the Nash equilibrium outcomes. Our … efficiency of either of the two mechanisms. This stands in sharp contrast with the Boston mechanism which has been abandoned in …
Persistent link: https://www.econbiz.de/10010547129
In this note we study the National Resident Matching Program (NRMP) algorithm in the US market for physicians. We …. Roth and Peranson, 1999). First, we show that the new NRMP algorithm may not find an existing stable matching, even when …
Persistent link: https://www.econbiz.de/10010547404
We construct and calibrate a general equilibrium business cycle model with unemployment and precautionary saving. We compute the cost of business cycles and locate the optimum in a set of simple cyclical fiscal policies. Our economy exhibits productivity shocks, giving firms an incentive to hire...
Persistent link: https://www.econbiz.de/10010547417
We consider the general many-to-one matching model with ordinal preferences and give a procedure to partition the set … matching mechanisms; moreover, this reduction is maximal. …
Persistent link: https://www.econbiz.de/10010547423
We study two-sided matching markets with couples and show that for a natural preference domain for couples, the domain …. Starting from an arbitrary matching, we construct a path of matchings obtained from 'satisfying' blocking coalitions that … yields a stable matching. Hence, we establish a generalization of Roth and Vande Vate's (1990) result on path convergence to …
Persistent link: https://www.econbiz.de/10010547436
. This effect may make the market less efficient than random matching. We show that the rst best can be achieved using either …
Persistent link: https://www.econbiz.de/10010547464
We develop a two-sided matching model to analyze collaboration between heterogeneous academics and firms. We predict a … positive assortative matching in terms of both scientific ability and affinity for type of research, but negative assortative in …
Persistent link: https://www.econbiz.de/10011019699
We consider two-sided many-to-many matching markets in which each worker may work for multiple firms and each firm may …
Persistent link: https://www.econbiz.de/10010643599