Sequential entry in many-to-one matching markets |
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Authors: | Elette Boyle Federico Echenique |
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Institution: | (1) Massachusetts Institute of Technology, Cambridge, USA;(2) Division of the Humanities and Social Sciences, California Institute of Technology, Pasadena, CA 91125, USA |
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Abstract: | We study sequential bargaining in many-to-one matching markets. We show that there is an advantage to entering late in the
market, and that the last agent to enter the market will receive his or her best partner in a stable matching, extending the
results of Blum and Rothblum (J Econ Theory 103(2):429–443, 2002) and Cechlárová (Randomized matching mechanism revisited.
Mimeo, Safarik University, 2002) for the marriage model. We also discuss the relation between sequential bargaining and a
possible alternative formulation based on the NTU Shapley value.
We thank Peter Biró and Utku ünver for their advice on the related literature. We also thank an anonymous referee for comments. |
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