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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
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/10011791505
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 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
This paper develops a framework for studying repeated matching markets. The model departs from the Gale …-Shapley matching model by having a fixed set of long-lived players (firms) match with a new generation of short-lived players (workers …) in every period. I define history-dependent and self-enforcing matching processes in this repeated matching environment …
Persistent link: https://www.econbiz.de/10014537010
constitutes an entry-level labor market which can be modeled as a many-to-one matching market. To match physicians with hospitals …-strategy-proofness, it is shown that the deterministic mechanism which leads to the doctor-optimal matching is the unique ex-post stable and …
Persistent link: https://www.econbiz.de/10014135573
Even though kidney exchange became an important source of kidney transplants over the last decade with the introduction of market design techniques to organ transplantation, the shortage of kidneys for transplantation is greater than ever. Due to biological disadvantages, patient populations of...
Persistent link: https://www.econbiz.de/10012999371
existence of equilibrium. We then apply the solution concept to a matching-based Cournot model in which the unit production cost … technology and human capital are complementary, the positive assortative matching (PAM) is a stable matching under rational … marginal effects of technology and human capital, the PAM is still a rational stable matching. However, if the substitutive …
Persistent link: https://www.econbiz.de/10010191642
it as a two-stage game: A first stage of simultaneous 1-to-1 matching between firms and managers and a second stage of … each firm-manager pair to expect that the remaining agents will form a positive assortative matching (PAM), and the PAM on … the grand market is a stable matching under rational expectations. Even if they are strategic substitutes yet the …
Persistent link: https://www.econbiz.de/10012903067
random allocations from deterministic allocation mechanisms. Insights from the two-sided matching theory and the recent …
Persistent link: https://www.econbiz.de/10012956467