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Strategy-Proofness Versus Efficiency in Matching with Indifferences : Redesigning the New York City High School Match
Abdulkadiroglu, Atila - 2010
The design of the New York City (NYC) High School match involved tradeoffs among efficiency, stability and strategy-proofness that raise new theoretical questions. We analyze a model with indifferences--ties--in school preferences. Simulations with field data and the theory favor breaking...
Persistent link: https://www.econbiz.de/10012757548
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Complementarity and Aggregate Implications of Assortative Matching : A Nonparametric Analysis
Graham, Bryan S. - 2010
, potentially complementary, input fixed. We introduce a class of such reallocations -- correlated matching rules -- that includes … the status quo allocation, a random allocation, and both the perfect positive and negative assortative matching …
Persistent link: https://www.econbiz.de/10012757581
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A Martingale Representation for Matching Estimators
Abadie, Alberto - 2010
Matching estimators (Rubin, 1973a, 1977; Rosenbaum, 2002) are widely used in statistical data analysis. However, the … large sample distribution of matching estimators has been derived only for particular cases (Abadie and Imbens, 2006). This … article establishes a martingale representation for matching estimators. This representation allows the use of martingale …
Persistent link: https://www.econbiz.de/10012757843
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Median Stable Matching
Schwarz, Michael - 2010
We define the median stable matching for two-sided matching markets with side payments and prove constructively that it …
Persistent link: https://www.econbiz.de/10012757924
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Matching and Inequality in the World Economy
Costinot, Arnaud - 2010
This paper develops tools and techniques to study the impact of exogenous changes in factor supply and factor demand on factor allocation and factor prices in economies with a large number of goods and factors. The main results of our paper characterize sufficient conditions for robust monotone...
Persistent link: https://www.econbiz.de/10012757956
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Adjusted Estimates of Worker Flows and Job Openings in Jolts
Davis, Steven J. - 2010
We develop and implement a method to improve estimates of worker flows and job openings based on the Job Openings and Labor Turnover Survey (JOLTS). Our method involves reweighting the cross-sectional density of employment growth rates in JOLTS to match the corresponding density in the...
Persistent link: https://www.econbiz.de/10012759105
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Labor Markets and Monetary Policy : A New-Keynesian Model with Unemployment
Blanchard, Olivier J. - 2010
We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications for the unemployment-inflation tradeoff and for the conduct of monetary policy.lt;brgt;lt;brgt;We proceed in two steps. We first leave nominal rigidities aside. We show that,...
Persistent link: https://www.econbiz.de/10012759440
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Marginal Jobs, Heterogeneous Firms, & Unemployment Flows
Elsby, Michael - 2010
This paper introduces a notion of fir m size into a search and matching model with endogenous job destruction. The …
Persistent link: https://www.econbiz.de/10012759553
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Search and Rest Unemployment
Alvarez, Fernando - 2010
This paper extends Lucas and Prescott's (1974) search model to develop a notion of rest unemployment. The economy consists of a continuum of labor markets, each of which produces a heterogeneous good. There is a constant returns to scale production technology in each labor market, but labor...
Persistent link: https://www.econbiz.de/10012759557
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Information Disclosure and Unraveling in Matching Markets
Ostrovsky, Michael - 2010
This paper explores information disclosure in matching markets, e.g., the informativeness of transcripts given out by …
Persistent link: https://www.econbiz.de/10012759566