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equilibria where firms act according to a list of preferences. Moreover, every such equilibrium preserves stability for a …
Persistent link: https://www.econbiz.de/10005463752
We consider centralized matching markets in which, starting from an arbitrary match- ing, frms are successively chosen in a random fashion and offer their positions to the workers they prefer the most. We propose an algorithm that generalizes some well-known algorithms and explore some of its...
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We develop a theory of stability in many-to-many matching markets. We give conditions under which the setwise … the standard theory of stability for many-to-one, and one-to-one, models. We provide results for a number of core …
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The Ramón y Cajal Program promotes the hiring of top researchers in Spanish R&D centers and academic institutions. The centralized mechanism associated to the Program is analyzed. The paper models it as a two-sided matching market and studies if it provides the incentives to increase the...
Persistent link: https://www.econbiz.de/10005765471
. Multiple applications impose serious coordination problems to colleges, but application costs restore stability. Without …
Persistent link: https://www.econbiz.de/10005094082
dynamically stable for a wide class of adaptive dynamics. We argue that supermodularity is not a desirable stability criterion in … stability while gaining budget balance out of equilibrium. …
Persistent link: https://www.econbiz.de/10009246638