| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP13994
|
| DP13994 Matching with Externalities |
| Marek Pycia; M. Bumin Yenmez
|
| 发表日期 | 2019-09-13
|
| 出版年 | 2019
|
| 语种 | 英语
|
| 摘要 | We incorporate externalities into the stable matching theory of two-sided markets. Extending the classical substitutes condition to allow for externalities, we establish that stable matchings exist when agent choices satisfy substitutability. Furthermore, we show that substitutability is a necessary condition for the existence of a stable matching in a maximal-domain sense and provide a characterization of substitutable choice functions. In addition, we establish novel comparative statics on externalities and show that the standard insights of matching theory, like the existence of side-optimal stable matchings and the deferred acceptance algorithm, remain valid despite the presence of externalities even
though the standard fixed-point techniques do not apply. |
| 主题 | Industrial Organization
|
| URL | https://cepr.org/publications/dp13994
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542876
|
推荐引用方式
GB/T 7714 |
Marek Pycia,M. Bumin Yenmez. DP13994 Matching with Externalities. 2019.
|
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