Monotonicity and Nash Implementation in Matching Markets with Contracts

Details

Serval ID
serval:BIB_6545F90DF313
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Monotonicity and Nash Implementation in Matching Markets with Contracts
Journal
Economic Theory
Author(s)
Haake C.-J., Klaus B.
ISSN
0938-2259
Publication state
Published
Issued date
2009
Peer-reviewed
Oui
Volume
41
Number
3
Pages
393-410
Language
english
Abstract
We consider general two-sided matching markets, so-called matching with contracts markets as introduced by Hatfield and Milgrom (in A Econ Rev, 95(4), 913-935, 2005), and analyze (Maskin) monotonic and Nash implementable solutions. We show that for matching with contracts markets the stable correspondence is monotonic and implementable. Furthermore, any solution that is Pareto efficient, individually rational, and monotonic is a supersolution of the stable correspondence. In other words, the stable correspondence is the minimal solution that is Pareto efficient, individually rational, and implementable.
Keywords
Matching with contracts, Monotonicity, Nash implementation, Stability
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Create date
16/03/2010 10:42
Last modification date
20/08/2019 14:21
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