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We study the implementability of stable correspondences in marriage markets with externalities. We prove that, contrary … to what happens in markets without externalities, no stable revelation mechanism makes a dominant strategy for the agents …
Persistent link: https://www.econbiz.de/10014105711
potential partners but also over what other matches occur. Once such externalities are considered, the set of stable matchings …
Persistent link: https://www.econbiz.de/10014067988
The celebrated Deferred Acceptance Algorithm (DAA) due to Gale and Shapley (1962) always produces an extremal matching by favoring one side of the market at the expense of the other. This favoritism arises because only one side makes proposals. I propose a new algorithm wherein both sides of the...
Persistent link: https://www.econbiz.de/10012936768
We study the implementation of social choice rules in environments with externalities. We prove the impossibility of …
Persistent link: https://www.econbiz.de/10012824212
An empirical approach to optimal income taxation design is developed within an equilibrium collective marriage market … model with imperfectly transferable utility. Taxes distort labour supply and time allocation decisions, as well as marriage …
Persistent link: https://www.econbiz.de/10012903306
Persistent link: https://www.econbiz.de/10001672709
This paper proposes a general equilibrium approach to examine the marriage market and within-household transfers. Using … unidimensional marriage index then I implement a multidimensional matching model to allow for complementarities in characteristics of … find that the marriage market is more efficient for young individuals who are more selective. Finally, I compute the …
Persistent link: https://www.econbiz.de/10014140067
well-being and separation. We first estimate the marital surplus using a simple matching model of the marriage market with …
Persistent link: https://www.econbiz.de/10012911767
well-being and separation. We first estimate the marital surplus using a simple matching model of the marriage market with …
Persistent link: https://www.econbiz.de/10012910735
We propose a search-matching model of the marriage market that extends Shimer and Smith (2000) to allow for labor … female wages. We estimate that the share of marriage surplus appropriated by the man increases with his wage and that the …
Persistent link: https://www.econbiz.de/10013119348