The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains … two important streams in the matching literature, those with and those without monetary transfers, as special cases and …

Matching ; Labor Market Frictions ; Structural Estimation ; Efficiency ; Policy Analysis …

In matching markets the number of blocking pairs is often used as a criterion to compare matchings. We argue that this … changes, nor will it capture the satisfaction of the players with the matching. As an alternative, we set up two principles … objection against the given matching according to a bargaining set characterization of the set of stable matchings. We prove …