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make investments before matching in a competitive market. We introduce the notion of premune-ation values—the values to the …
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In this paper, we use a two-period one-to-one matching model with incomplete information to examine the effect of … whether to stay married or to unilaterally divorce. We show that, for any society, there exist matching environments where the … probability of the marital dissolution does not reduce divorce costs under gender-optimal matching rules. In such environments, an …
Persistent link: https://www.econbiz.de/10009754874
We develop a theory of stability in many-to-many matching markets. We give conditions under which the setwise …
Persistent link: https://www.econbiz.de/10011703024
We consider a matching model in which individuals belonging to two populations (\textquotedblleft males … which few general results have previously been derived. We show that in this framework a stable matching always exists, it …
Persistent link: https://www.econbiz.de/10011672274
maximum matching can avoid this risk and enjoy higher payoffs than inessential players. Although the search for partners is …
Persistent link: https://www.econbiz.de/10012104571
study the assortative matching properties of the resulting assignment. The main insight is that in general it is optimal to … diversify the composition of the teams, ruling out positive assortative matching. This diversification leads to negative … assortative matching when teams consist of pairs of experts. And when experts' signals are conditionally independent, all teams …
Persistent link: https://www.econbiz.de/10011855895
A large class of two-sided matching models that include both transferable and non-transferable utility result in … positive assortative matching along a latent index. Data from matching markets, however, may not exhibit perfect assortativity … estimation using dependent data from a single large matching market. The nature of the dependence requires modification of …
Persistent link: https://www.econbiz.de/10011801605
We propose a dynamic model of decentralized many-to-one matching in the context of a competitive labor market. Through …
Persistent link: https://www.econbiz.de/10011453256