rules. The stability and efficiency of a partition depends on the matching rule φ. The results are stated under various …We define two versions of stability and efficiency of partitions and analyze their relationships for some matching … the matching rule is individually rational and Pareto optimal, the set of φ-stable and φ-efficient partitions coincide …

consider the notion of "efficient" partition that minimizes the total policy-related costs and aggregate personalized costs. We … (belonging to the partition or not) has an incentive to break away from the rest and to set its own policy. Our main result is … that, with a unidimensional policy space and single-peaked personalized costs, every efficient partition is sustainable. We …

socioeconomic status may self-select into public schools, so a direct efficiency comparison between the two school types could lead … matching approach in order to correctly analyze the impact of school ownership on student performance. After tackling the self …-selection problem, we use a stochastic parametric distance function framework to compare student efficiency and productivity in both …

approaches for course allocation with a focus on appropriate stable matching mechanisms are surveyed. Two such mechanisms are … discussed in more detail, the Gale-Shapley student optimal stable mechanism (SOSM) and the efficiency adjusted deferred … acceptance mechanism (EADAM). EADAM can be seen as a fundamental recent contribution which recovers efficiency losses from SOSM …

This paper assesses the matching efficiency of the Portuguese public employment service, applying Data Envelopment … and June 2001. We find evidence that the Portuguese public employment service increased its efficiency potential from 0 … efficiency and factors affecting efficiency diverge among employment-centres. Policies aimed at improving the efficiency of the …

increase. Matching procedures are used to identify a matched set of firms and set of dates that are used in a difference …

. Equilibrium investments and the equilibrium matching will be efficient if agents can simultaneously negotiate investments and … matches, but we focus on markets in which agents must first sink their investments before matching. Additional equilibria may … arise in this sunk-investment setting, even though our matching market is competitive. These equilibria exhibit …

This article develops a search-theoretic model of financial intermediation to study the efficiency condition of the … by the interest rate setting mechanism. The efficiency of the competitive economy requires that interest rates are posted …

resides in between the random matching and the directed search outcomes. The equilibrium that emerges from this middle ground … is inefficient relative to the constrained Pareto allocation. Our theory encompasses the outcomes of the random matching …