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Time horizons, lattice structures, and welfare in multi-period matching markets

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  • Kadam, Sangram V.
  • Kotowski, Maciej H.

Abstract

We analyze a T-period, two-sided, one-to-one matching market without monetary transfers. Under natural restrictions on agents' preferences, which accommodate switching costs, status-quo bias, and other forms of inter-temporal complementarity, dynamically stable matchings exist. We propose a new ordering of the stable set ensuring that it forms a lattice. We investigate the robustness of dynamically stable matchings with respect to the market's time horizon and frequency of rematching opportunities.

Suggested Citation

  • Kadam, Sangram V. & Kotowski, Maciej H., 2018. "Time horizons, lattice structures, and welfare in multi-period matching markets," Games and Economic Behavior, Elsevier, vol. 112(C), pages 1-20.
    • Handle: RePEc:eee:gamebe:v:112:y:2018:i:c:p:1-20
    DOI: 10.1016/j.geb.2018.07.005
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    3. Vincent Iehlé, 2016. "Gradual College Admisssion," Post-Print halshs-02367006, HAL.
    4. Liu, Ce, 2023. "Stability in repeated matching markets," Theoretical Economics, Econometric Society, vol. 18(4), November.

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    More about this item

    Keywords

    Two-sided matching; Dynamic matching; Stable matching; Market-design;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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