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Ordinal and cardinal solution concepts for two-sided matching

Author

Listed:
  • Federico Echenique

    (CALTECH - California Institute of Technology)

  • Alfred Galichon

    (ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique)

Abstract

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.

Suggested Citation

  • Federico Echenique & Alfred Galichon, 2014. "Ordinal and cardinal solution concepts for two-sided matching," Working Papers hal-03460323, HAL.
    • Handle: RePEc:hal:wpaper:hal-03460323
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03460323
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    References listed on IDEAS

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    Cited by:

    1. Doğan, Battal & Yıldız, Kemal, 2016. "Efficiency and stability of probabilistic assignments in marriage problems," Games and Economic Behavior, Elsevier, vol. 95(C), pages 47-58.

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    More about this item

    Keywords

    Matching; Stability; Efficiency;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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