Author: Matthew Elliott
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Decentralized Bargaining in Matching Markets
On decentralized two-sided matching markets
Author: Maria Joana Dantas Vaz Pais
Publisher:
ISBN:
Category :
Languages : en
Pages : 88
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 88
Book Description
Paying to Match
Author: Marina Agranov
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to participants, complete or incomplete, and the surplus structure, supermodular or submodular. Several insights emerge. First, while markets often culminate in efficient matchings, stability is more elusive, reflecting the difficulty of arranging attendant transfers. Second, incomplete information and submodularity present hurdles to efficiency and especially stability; their combination drastically diminishes stability's likelihood. Third, matchings form "from the top down" in complete-information supermodular markets, but exhibit many more and less-obviously ordered offers otherwise. Last, participants' market positions matter far more than their dynamic bargaining styles for outcomes.
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to participants, complete or incomplete, and the surplus structure, supermodular or submodular. Several insights emerge. First, while markets often culminate in efficient matchings, stability is more elusive, reflecting the difficulty of arranging attendant transfers. Second, incomplete information and submodularity present hurdles to efficiency and especially stability; their combination drastically diminishes stability's likelihood. Third, matchings form "from the top down" in complete-information supermodular markets, but exhibit many more and less-obviously ordered offers otherwise. Last, participants' market positions matter far more than their dynamic bargaining styles for outcomes.
Decentralized Matching Markets with Endogenous Salaries
Decentralized Matching Markets
The Evolution of Core Stability in Decentralized Matching Markets
Random Matching and Trade Relationships in Decentralized Markets
Author: Dorothea K. Herreiner
Publisher:
ISBN:
Category : Markets
Languages : en
Pages : 198
Book Description
Publisher:
ISBN:
Category : Markets
Languages : en
Pages : 198
Book Description
Dynamics of Decentralized Matching Markets
Incentives in Decentralized Random Matching Markets
A Theory of Decentralized Matching Markets Without Transfers, with an Application to Surge Pricing
Author: Alfred Galichon
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
Book Description
Most of the literature on two-sided matching markets without transfers focuses on the case where a central planner (often an algorithm) clears the market, like in the case of school assignments, or medical residents. In contrast, we focus on decentralized matching markets without transfers, where prices are regulated and thus cannot clear the market, as in the case of taxis. In these markets, time waited in line often plays the role of a numéraire. We investigate the properties of equilibrium in these markets (existence, uniqueness, and welfare). We use this analysis to study the problem of surge pricing: given beliefs on random demand and supply, how should a market designer set prices to minimize expected market inefficiency?
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
Book Description
Most of the literature on two-sided matching markets without transfers focuses on the case where a central planner (often an algorithm) clears the market, like in the case of school assignments, or medical residents. In contrast, we focus on decentralized matching markets without transfers, where prices are regulated and thus cannot clear the market, as in the case of taxis. In these markets, time waited in line often plays the role of a numéraire. We investigate the properties of equilibrium in these markets (existence, uniqueness, and welfare). We use this analysis to study the problem of surge pricing: given beliefs on random demand and supply, how should a market designer set prices to minimize expected market inefficiency?