Showing 1 - 10 of 26
Echenique, Lee, Shum, and Yenmez (2013) established the testable revealed preference restrictions for stable aggregate matching with transferable (TU) and non-transferable utility (NTU) and for extremal stable matchings. In this paper, we rephrase their restrictions in terms of properties on a...
Persistent link: https://www.econbiz.de/10014536876
A standing question in the theory of matching markets is how to define stability under incomplete information. This … ``incomplete-information stability,'' a cooperative solution concept put forward by Liu, Mailath, Postlewaite and Samuelson (2014 …
Persistent link: https://www.econbiz.de/10014536894
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...
Persistent link: https://www.econbiz.de/10014537010
This paper develops an integer programming approach to two-sided many-to-one matching by investigating stable integral matchings of a fictitious market where each worker is divisible. We show that stable matching exists in a discrete matching market when firms' preference profile satisfies a...
Persistent link: https://www.econbiz.de/10014537033
Distributional constraints are common features in many real matching markets, such as medical residency matching, school admissions, and teacher assignment. We develop a general theory of matching mechanisms under distributional constraints. We identify the necessary and sufficient condition on...
Persistent link: https://www.econbiz.de/10012010043
A set of indivisible objects is allocated among agents with strict preferences. Each object has a weak priority ranking of the agents. A collection of priority rankings, a priority structure, is solvable if there is a strategy-proof mechanism that is constrained efficient, i.e. that always...
Persistent link: https://www.econbiz.de/10012010050
workers are gross substitutes to each firm. It turns out that by introducing job security, stability and efficiency may still …
Persistent link: https://www.econbiz.de/10012010061
axiom of stability (partial stability) allows only certain priority violations. We introduce a class of algorithms called …
Persistent link: https://www.econbiz.de/10012215296
This paper studies a stability notion and matching processes in the job market with incomplete information on the …-specific information, we propose a stability notion which, in addition to requiring individual rationality and no blocking pairs, captures …
Persistent link: https://www.econbiz.de/10012215321
We generalize standard school choice models to allow for interdependent preferences and differentially-informed students. We show that in general, the commonly-used deferred acceptance mechanism is no longer strategy-proof, the outcome is not stable, and may make less informed students worse...
Persistent link: https://www.econbiz.de/10013189024