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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
The study addresses important issues relating to computational aspects of coalition formation. However, finding payoffs -- imputations belonging to the core -- is, while almost as well known, an overly complex, NP-hard problem, even for modern supercomputers. The issue becomes uncertain because,...
Persistent link: https://www.econbiz.de/10013310656
of steps. We use elementary tools of graph theory and a representation theorem obtained here. …
Persistent link: https://www.econbiz.de/10010350435
We consider the problem of matching a set of medical students to a set of medical residency positions (hospitals) under …
Persistent link: https://www.econbiz.de/10011817201
paper, we introduce and formalize reciprocal preferences, apply them to matching markets, and analyze the implications for … acceptance mechanism can achieve stability. These results provide insights into non-standard preferences in matching markets, and …
Persistent link: https://www.econbiz.de/10014478421
This paper studies matching markets where institutions are matched with possibly more than one individual. The matching … matching may fail to exist even when both couples and institutions have responsive preferences. Next, we provide conditions on … couples' preferences that are necessary and sufficient to ensure a stable matching for every preference profile where …
Persistent link: https://www.econbiz.de/10012907657
-sided matching markets through a dynamic mechanism. We first show that CCs provide a complete characterization of singleton cores in … two-sided matching markets. Secondly, we prove the existence of a bijection between the CCs structures and the lattice …
Persistent link: https://www.econbiz.de/10012891501
We consider a controlled school choice model where students are divided into several types such as socioeconomically advantaged and disadvantaged. The priority for a school is dependent on the type distribution of the assignment. Our model is a generalization of several models in previous...
Persistent link: https://www.econbiz.de/10013239023
students prefer DCA whereas higher ability students prefer CCA. The main qualitative predictions of the theory are supported by …
Persistent link: https://www.econbiz.de/10010413636
of the theory are supported by a lab experiment designed to test the theory, yet we find a number of differences that …
Persistent link: https://www.econbiz.de/10011437881