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We develop a theory of stability in many-to-many matching markets. We give conditions under which the setwise-stable set, a core-like concept, is nonempty and can be approached through an algorithm. The setwise-stable set coincides with the pairwise-stable set, and with the predictions of a...
Persistent link: https://www.econbiz.de/10005654779
For the many-to-one matching model in which firms have substitutable and quota q-separable preferences over subsets of workers we show that the workers-optimal stable mechanism is group strategy-proof for the workers. In order to prove this result, we also show that under this domain of...
Persistent link: https://www.econbiz.de/10005247863
For the many-to-one matching model in which firms have substitutable and quota q−separable preferences over subsets of workers we show that the workers-optimal stable mechanism is group strategy-proof for the workers. Therefore, in centralized markets like entry-level professional labor...
Persistent link: https://www.econbiz.de/10005598456
Persistent link: https://www.econbiz.de/10010359149
Persistent link: https://www.econbiz.de/10011612083
We experimentally study the Gale and Shapley (1962) mechanism, which is utilized in a wide set of applications, most prominently the National Resident Match- ing Program (NRMP). Several insights come out of our analysis. First, only 48% of our observed outcomes are stable, and among those a...
Persistent link: https://www.econbiz.de/10011800605