Showing 1 - 10 of 28
We analyze the structure of a society driven by power relations. Our model has an exogenous power relation over the set of coalitions of agents. Agents determine the social order by forming coalitions. The power relations determine the ranking of agents in society for any social order. We study...
Persistent link: https://www.econbiz.de/10011599413
We analyze the structure of a society driven by power relations. Our model has an exogenous power relation over the set of coalitions of agents. Agents determine the social order by forming coalitions. The power relations determine the ranking of agents in society for any social order. We study...
Persistent link: https://www.econbiz.de/10005812745
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