demonstrate that our marrying individual uses a reservation utility to determine which marriage proposal to accept. Third, we … profit maximization implies that all matchmaking firms offer marriage proposals whose utility equals the reservation utility …We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an …

demonstrate that our marrying individual uses a reservation utility to determine which marriage proposal to accept. Third, we … profit maximization implies that all matchmaking firms offer marriage proposals whose utility equals the reservation utility …We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an …

This paper presents a tractable framework for studying frictionless matching in school, work, and marriage when … communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …, but incomplete specialization in marriage. It also captures well-known matching patterns in each of these sectors …