Ordinal and cardinal solution concepts for two-sided matching
Résumé
We characterize solutions for two-sided matching, both in the transferable - and in the nontransferable - utility frameworks, using a cardinal formulation. Our approach makes the comparison of the matching models with and without transfers particularly transparent. We introduce the concept of a no-trade matching to study the role of transfers in matching. A no-trade matching is one in which the availability of transfers do not affect the outcome.
Domaines
Economies et finances
Origine : Fichiers produits par l'(les) auteur(s)