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We develop a theory of stability in many-to-many matching markets. We give conditions under which the setwise …-stable set, a core-like concept, is nonempty and can be approached through an algorithm. The usual core may be empty. The setwise … parallels the standard theory of stability for many-to-one, and one-to-one, models. We provide results for a number of core …
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make investments before matching in a competitive market. We introduce the notion of premune-ation values—the values to the …
Persistent link: https://www.econbiz.de/10011686665
maximum matching can avoid this risk and enjoy higher payoffs than inessential players. Although the search for partners is …
Persistent link: https://www.econbiz.de/10012104571
study the assortative matching properties of the resulting assignment. The main insight is that in general it is optimal to … diversify the composition of the teams, ruling out positive assortative matching. This diversification leads to negative … assortative matching when teams consist of pairs of experts. And when experts' signals are conditionally independent, all teams …
Persistent link: https://www.econbiz.de/10011855895
We consider a matching model in which individuals belonging to two populations (\textquotedblleft males … which few general results have previously been derived. We show that in this framework a stable matching always exists, it …
Persistent link: https://www.econbiz.de/10011672274
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We study directed search equilibria in a decentralized market with adverse selection, where uninformed buyers post general trading mechanisms and informed sellers select one of them. We show that this has differing and significant implications with respect to the traditional approach, based on...
Persistent link: https://www.econbiz.de/10012104602
A standing question in the theory of matching markets is how to define stability under incomplete information. This … possible degree of rationality that can be ascribed to their proponents. A matching is deemed “stable” if maintaining the …
Persistent link: https://www.econbiz.de/10013472497
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