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We formulate a general model and stability notion for two-sided pairwise matching problems with individually … existing continuum matching models and stability notions with transferable utility as special cases of our model and stability … notion. In contrast to finite agent matching models, stable matchings exist under a general class of externalities. This …
Persistent link: https://www.econbiz.de/10011930739
Stable matchings in the presence of complementarities need not exist. With a canonical form of payoff functions, the conventional sufficient condition for existence substantially restricts the range of pairwise complementarity/substitutability values. This paper provides a new sufficient...
Persistent link: https://www.econbiz.de/10012899599
Persistent link: https://www.econbiz.de/10011797738
-liability (JL) to individual liabil- ity (IL) lending models. This article tests a theory explaining this shift, focusing on … borrowers matching into groups exposed to similar economic shocks under JL, diminishing its effectiveness. I reconcile …
Persistent link: https://www.econbiz.de/10015271329
We show how frictions and continuous transfers jointly affect equilibria in a model of matching in trading networks …
Persistent link: https://www.econbiz.de/10012212204
properties in diverse settings such as matching, auctions, and exchange economies with indivisible goods. We extend earlier …
Persistent link: https://www.econbiz.de/10012158861
Many two-sided matching situations involve multiperiod interaction. Traditional cooperative solutions, such as … about the future and a robust evaluation of contemporaneous outcomes. A perfect a-stable matching exists, even when …
Persistent link: https://www.econbiz.de/10012849277
We introduce a solution concept for dynamic one-sided matching models, called the Dynamic Core. The Dynamic Core is …
Persistent link: https://www.econbiz.de/10014254529
We study a matching model with salaries in which firms face budget constraints. Due to budget constraints, the … existence of a stable matching is not guaranteed. We show that if workers are homogeneous, from the firms' point of view, then a … weak stable matching always exists; furthermore, when a strong stable matching does not exist, there is a nearby budget …
Persistent link: https://www.econbiz.de/10014090793
Suppose that the agents of a matching market contact each other randomly and form new pairs if is in their interest …. Does such a process always converge to a stable matching if one exists? If so, how quickly? Are some stable matchings more …. The second part of the paper proposes new techniques to analyse the behaviour of matching markets. We introduce the Stable …
Persistent link: https://www.econbiz.de/10009229825