rewards if they do not transact in the meantime. We characterize the equilibrium steady state matching pattern and compare … this to the constrained efficient matching pattern. We also characterize the joint distribution of price and time to sale …

), and Lagos and Wright (2005) respectively. We Â…nd that the multilateral matching setting generates very simple and …

We investigate an extensive form sequential matching game of perfect information. We show that the subgame perfect … equilibrium of the sequential matching game leads to the unique stable matching when the Eeckhout Condition (2000) for existence … of a unique stable matching holds, regardless of the sequence of agents. This result does not extend to preferences that …

implement this in the Lagos and Wright (2005) matching model of money demand, assuming that preference shocks follow a two …-state Markov chain. We derive conditions under which cash and credit in the anonymous matching market coexist. For fixed but suffi … use of credit reduces the money holdup in the matching market and thus leads to Pareto improvements …

at the time of application, and (iii) matching between colleges and students takes place in a decentralized setting. We … monotone in types, and we construct a robust example to show that this can lead to a failure of assortative matching in … equilibrium. More importantly, we prove that a unique equilibrium with assortive matching exists provided application costs are …