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http://hdl.handle.net/10419/43767
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| Title: | | Monotonicity and Nash implementation in matching markets with contracts  |
| Authors: | | Haake, Claus-Jochen Klaus, Bettina |
| Issue Date: | | 2005 |
| Series/Report no.: | | Working papers // Institute of Mathematical Economics 372 |
| Abstract: | | We consider general two-sided matching markets, so-called matching with contracts markets as introduced by Hatfield and Milgrom (2005), and analyze (Maskin) monotonic and Nash implementable solutions. We show that for matching with contracts markets the stable correspondence is monotonic and implementable (Theorems 1 and 3). Furthermore, any solution that is Pareto efficient, individually rational, and monotonic is a supersolution of the stable correspondence (Theorem 2). In other words, the stable correspondence is the minimal solution that is Pareto efficient, individually rational, and implementable. |
| Subjects: | | Matching with Contracts (Maskin) Monotonicity Nash implementation Stability |
| JEL: | | C62 C78 D78 J41 |
| Persistent Identifier of the first edition: | | urn:nbn:de:hbz:361-7662 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Papers, Institute of Mathematical Economics, Universität Bielefeld
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