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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 …
Persistent link: https://www.econbiz.de/10005678342
Persistent link: https://www.econbiz.de/10010257050
This paper analyses the efficiency of the equilibrium allocation in a matching model with two types of workers and jobs … production technologies. Finally, in an extension we derive a tax scheme that restores efficiency and we show how workers …
Persistent link: https://www.econbiz.de/10010272689
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....
Persistent link: https://www.econbiz.de/10011332815
Persistent link: https://www.econbiz.de/10011891038
We show that in a search/matching model with endogenous participation in which workers are heterogeneous with respect …
Persistent link: https://www.econbiz.de/10005822510
This paper analyses the efficiency of the equilibrium allocation in a matching model with two types of workers and jobs … production technologies. Finally, in an extension we derive a tax scheme that restores efficiency and we show how workers …
Persistent link: https://www.econbiz.de/10005822529
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....
Persistent link: https://www.econbiz.de/10011249546
We study the problem of allocating workers to different projects in which each project requires having a minimum number of workers assigned to it or else it does not open. We show that the well-known serial dictatorship mechanism is neither strategy-proof nor Pareto efficient. Thus, we propose...
Persistent link: https://www.econbiz.de/10011158458
Gale-Shapley deferred acceptance algorithm for dynamic problems and show that it yields a matching that satisfies strong … stability. It is not Pareto dominated by any other matching, and, if there is an efficient stable matching, it must be the Gale … stronger impossibility result: For the class of dynamic matching problems that we study, there are no algorithms that satisfy …
Persistent link: https://www.econbiz.de/10009024462