We propose a socially optimal peer-to-peer ridesharing scheme, where, by contrast to previous literature which considers the total vehicle-kilometres travelled in the objective function, a social planner matches passengers and drivers to maximize social welfare. This amounts to minimize the...

We consider decentralized one-to-one matching markets with myopic and farsighted agents. We study myopic-farsighted stable sets that are internally and externally stable when myopic agents only care about their immediate payoffs, while farsighted agents take into account further possible...

Given two probability measures on sequential data, we investigate the transport problem with time-inconsistent preferences under a discrete-time setting. Motivating examples are nonlinear objectives, state-dependent costs, and regularized optimal transport with general f-divergence. Under the...

The role of technological change in labor market polarization has been subject to recent critique. This paper finds that changes in production technology played an important role in wage and job polarization in the US. It also demonstrates that such technological change is consistentwith the...

Drawing on two assumptions: that menopause is an instrument for the efficient regulation of the duration of a biologically expensive state, and that people have children in order to obtain support from them in old age, we set out a new idea that seeks to explain both the occurrence of menopause...

We study congestion problems in decentralized, two-sided matching markets. The main focus is on the impact of market thickness on these congestion problems. We find that it is often not optimal to make an offer to the best observed agent when the likelihood of acceptance is very low. We derive...

The SearchEngine is an open source project providing an integrated framework for diverse matching activities, especially the linkage of large scale firm data by fuzzy criteria like company names and addresses. At its core, it utilizes an efficient candidate retrieval mechanism implementing a...

Probability Matching, as a well-documented suboptimal stochastic choice, describes subjects’ tendency to mix or match their choice frequency to the outcome probabilities when repeatedly asked to predict two payoff-relevant outcomes that only differ in their probabilities of occurrence. It is a...

Abstract:Popularity bias -- the bandwagon effect -- is the tendency to select the most popular from alternative(s). We incorporate this into a parsimonious dynamic model of an anonymous bipartite economy with heterogeneous agents and show that anti-egalitarian networks (where the smallest...

A perennial task for the state is the creation and policing of categories. State-created categories have real world impacts on the public. The consequences of racial categorizations, for example, are well-documented. We examine a less studied consequence of state categorization, which are the...