We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to … markets often culminate in efficient matchings, stability is more elusive, reflecting the difficulty of arranging attendant … transfers. Second, incomplete information and submodularity present hurdles to efficiency and especially stability; their …

We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to … markets often culminate in efficient matchings, stability is more elusive, reflecting the difficulty of arranging attendant … transfers. Second, incomplete information and submodularity present hurdles to efficiency and especially stability; their …

In a general model of trading networks with bilateral contracts, we propose a suitably adapted chain stability concept … that plays the same role as pairwise stability in two-sided settings. We show that chain stability is equivalent to … stability if all agents' preferences are jointly fully substitutable and satisfy the Laws of Aggregate Supply and Demand. In the …