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This paper explores the private and social benefits from barter exchange in a monetized economy. We first prove a no …
Persistent link: https://www.econbiz.de/10011400851
We examine a search money model in which there is a symmetric coincidence of wants in all barter matches. However, when … bargaining outcomes are asymmetric across matches, the barter economy is inefficient. Then a robust monetary equilibrium exists …
Persistent link: https://www.econbiz.de/10005027346
Potent immunosuppressant drugs suppress the body’s ability to reject a transplanted organ up to the point that a transplant across blood- or tissue-type incompatibility becomes possible. In contrast to the standard kidney exchange problem, our setting also involves the decision about which...
Persistent link: https://www.econbiz.de/10012107083
We introduce a new matching model to mimic two-sided exchange programs such as tuition and worker exchange, in which each firm has to avoid being a net-exporter of workers. These exchanges use decentralized markets, making it difficult to achieve a balance between exports and imports. We show...
Persistent link: https://www.econbiz.de/10011297547
We propose a model of Kidney-Exchange that incorporates the main European institutional features. We assume that patients do not consider all compatible kidneys homogeneous and patients are endowed with reservation values over the minimal quality of the kidney they may receive. Under feasibility...
Persistent link: https://www.econbiz.de/10008811031
We study how barter exchanges should be conducted through a centralized mechanism in a dynamically evolving agent pool …
Persistent link: https://www.econbiz.de/10012767124
Patients needing kidney transplants may have donors who cannot donate to them because of blood or tissue incompatibility. Incompatible patient-donor pairs can exchange donor kidneys with other pairs only when there is a quot;double coincidence of wants.quot; Developing infrastructure to perform...
Persistent link: https://www.econbiz.de/10012769355
For an incompatible patient-donor pair, kidney exchanges often forbid receipt-before-donation (the patient receives a kidney before the donor donates) and donation-before-receipt, causing a double-coincidence-of-wants problem. Our proposal, the Unpaired kidney exchange algorithm, uses...
Persistent link: https://www.econbiz.de/10012823538
We introduce a new matching model to mimic two-sided exchange programs such as tuition and worker exchange, in which each firm has to avoid being a net-exporter of workers. These exchanges use decentralized markets, making it difficult to achieve a balance between exports and imports. We show...
Persistent link: https://www.econbiz.de/10013036242
Although a pilot national live-donor kidney exchange program was recently launched in the US, the kidney shortage is increasing faster than ever. A new solution paradigm is able to incorporate compatible pairs in exchange. In this paper, we consider an exchange framework that has both compatible...
Persistent link: https://www.econbiz.de/10014163464