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We develop a model of assignment games with pairwise-identitydependent externalities. A concept of conjectural …
Persistent link: https://www.econbiz.de/10010191642
potential partners but also over what other matches occur. Once such externalities are considered, the set of stable matchings …
Persistent link: https://www.econbiz.de/10014067988
characterize the existence of stable assignments in many-to-one matching problems with externalities. The set of stable matchings …
Persistent link: https://www.econbiz.de/10012195202
We consider strategic issues in one-to-one matching with externalities. We show that no core (stable) mechanism is … strategy-proof, extending an impossibility result of Roth (1982) obtained in the absence of externalities. Moreover, we show … result of Demange et al. (1987) obtained in the absence of externalities …
Persistent link: https://www.econbiz.de/10012845795
Decentralized matching markets on the internet allow large numbers of agents to interact anonymously at virtually no cost. Very little information is available to market participants and trade takes place at many different prices simultaneously. We propose a decentralized, completely uncoupled...
Persistent link: https://www.econbiz.de/10009756276
We propose a dynamic model of decentralized many-to-one matching in the context of a competitive labor market. Through wage offers and wage demands, firms compete over workers and workers compete over jobs. Firms make hire-and-fire decisions dependent on the wages of their own workers and on the...
Persistent link: https://www.econbiz.de/10011453256
We incorporate externalities into the stable matching theory of two-sided markets. Extending the classical substitutes … condition to markets with externalities, we establish that stable matchings exist when agent choices satisfy substitutability … externalities even though the standard fixed-point techniques do not apply. …
Persistent link: https://www.econbiz.de/10012584081
We incorporate externalities into the stable matching theory of two-sided markets. Extending the classical substitutes … condition to markets with externalities, we establish that stable matchings exist when agent choices satisfy substitutability … externalities even though the standard fixed-point techniques do not apply. …
Persistent link: https://www.econbiz.de/10012588491
We incorporate externalities into the stable matching theory of two-sided markets. Extending the classical substitutes … condition to markets with externalities, we establish that stable matchings exist when agent choices satisfy substitutability … externalities even though the standard fixed-point techniques do not apply …
Persistent link: https://www.econbiz.de/10013220503
We study a labor markets described by a many-to-one matching market with externalities among firms in which each firm …
Persistent link: https://www.econbiz.de/10013123803