Matching with Complementary Contracts
نویسندگان
چکیده
منابع مشابه
Matching with Contracts
We develop a model of matching with contracts which incorporates, as special cases, the college admissions problem, the Kelso-Crawford labor market matching model, and ascending package auctions. We introduce a new “law of aggregate demand” for the case of discrete heterogeneous workers and show that, when workers are substitutes, this law is satisfied by profit-maximizing firms. When workers a...
متن کاملMatching in Networks with Bilateral Contracts
We introduce a model in which firms trade goods via bilateral contracts which specify a buyer, a seller, and the terms of the exchange. This setting subsumes (manyto-many) matching with contracts, as well as supply chain matching. When firms’ relationships do not exhibit a supply chain structure, stable allocations need not exist. By contrast, in the presence of supply chain structure, a natura...
متن کاملMarket structure and matching with contracts
Ostrovsky (2008) [9] develops a theory of stability for a model of matching in exogenously given networks. For this model a generalization of pairwise stability, chain stability, can always be satisfied as long as agents’ preferences satisfy same side substitutability and cross side complementarity. Given this preference domain I analyze the interplay between properties of the network structure...
متن کاملGroup incentive compatibility for matching with contracts
Hatfield and Milgrom (2005) present a unified model of matching with contracts, which includes the standard two-sided matching and some package auction models as special cases. They show that the doctor-optimal stable mechanism is strategy-proof for doctors if hospitals’ preferences satisfy substitutes and the law of aggregate demand. We show that the doctor-optimal stable mechanism is group st...
متن کاملSubstitutes and stability for matching with contracts
We consider the matching problem with contracts of Hatfield and Milgrom (2005), and we introduce new concepts of bilateral and unilateral substitutes. We show that bilateral substitutes is a sufficient condition for the existence of a stable allocation in this framework. However, the set of stable allocations does not form a lattice under this condition, and there does not necessarily exist a d...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2018
ISSN: 1556-5068
DOI: 10.2139/ssrn.3234080