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Generalized cumulative offer processes

Author

Listed:
  • Inácio Bó

    (University of Macau)

  • Jörgen Kratz

    (University of York)

  • Makoto Shimoji

    (University of York)

Abstract

In the context of the matching-with-contracts model, we generalize the cumulative offer process to allow for arbitrary subsets of doctors to make proposals in each round. We show that, under a condition on the hospitals’ choice functions, the outcome of this generalized cumulative offer process is independent of the sets of doctors making proposals in each round. The flexibility of the resulting model allows it to be used to describe different dynamic processes and their final outcomes.

Suggested Citation

  • Inácio Bó & Jörgen Kratz & Makoto Shimoji, 2024. "Generalized cumulative offer processes," Review of Economic Design, Springer;Society for Economic Design, vol. 28(3), pages 573-591, September.
    • Handle: RePEc:spr:reecde:v:28:y:2024:i:3:d:10.1007_s10058-024-00350-4
    DOI: 10.1007/s10058-024-00350-4
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Matching with contracts; Cumulative offer mechanism; Asynchrony; Order independence;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design

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