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Monotone Matching in Perfect and Imperfect Worlds

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Author Info
Legros, Patrick
Newman, Andrew F

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Abstract

We study frictionless matching in large economies with and without market imperfections, providing sufficient conditions for monotone matching that are weaker than those previously known. Necessary conditions, which depend on a key analytical object we call the surplus function, are also offered. Changes in the surplus yield valuable information about the comparative statics of matching patterns across environments. We apply our framework to some examples adapted from the literature, accounting for and extending several comparative-static and welfare results. We also explore the dependence of the matching pattern on the type distribution. Copyright 2002 by The Review of Economic Studies Limited

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Publisher Info
Article provided by Blackwell Publishing in its journal Review of Economic Studies.

Volume (Year): 69 (2002)
Issue (Month): 4 (October)
Pages: 925-42
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Handle: RePEc:bla:restud:v:69:y:2002:i:4:p:925-42

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6527

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  7. Milgrom, Paul & Shannon, Chris, 1994. "Monotone Comparative Statics," Econometrica, Econometric Society, vol. 62(1), pages 157-80, January. [Downloadable!] (restricted)
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  8. Fernández, Raquel & Galí, Jordi, 1997. "To Each According To...? Markets, Tournaments, and the Matching Problem with Borrowing Constraints," CEPR Discussion Papers 1627, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  9. Legros, Patrick & Newman, Andrew F., 1996. "Wealth Effects, Distribution, and the Theory of Organization," Journal of Economic Theory, Elsevier, vol. 70(2), pages 312-341, August. [Downloadable!] (restricted)
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  13. Sattinger, Michael, 1975. "Comparative Advantage and the Distributions of Earnings and Abilities," Econometrica, Econometric Society, vol. 43(3), pages 455-68, May. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Aloysius Siow, 2009. "Testing Becker's Theory of Positive Assortative Matching," Working Papers tecipa-356, University of Toronto, Department of Economics. [Downloadable!]
  2. Ángel Gavilán, 2006. "Wage inequality, segregation by skill and the price of capital in an assignment model," Banco de España Working Papers 0613, Banco de España. [Downloadable!]
  3. Simon Clark, 2004. "Matching and Sorting with Horizontal Heterogeneity," ESE Discussion Papers 94, Edinburgh School of Economics, University of Edinburgh. [Downloadable!]
  4. Gene Grossman, 2002. "The Distribution of Talent and the Pattern and Consequences of International Trade," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  5. Gene M. Grossman, 1999. "Imperfect Labor Contracts and International Trade," NBER Working Papers 6901, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  6. Grüner, Hans Peter, 2007. "Information Technology, Efficient Restructuring and the Productivity Puzzle," CEPR Discussion Papers 6109, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  7. Arnaud Costinot & Jonathan Vogel, 2009. "Matching and Inequality in the World Economy," NBER Working Papers 14672, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. Damiano, Ettore & Li, Hao & Suen, Wing, 2005. "First in village or second in Rome?," Micro Theory Working Papers damiano-05-01-25-10-14-13, Microeconomics.ca Website, revised 26 Jan 2005. [Downloadable!]
    Other versions:
  9. CITANNA, Alessandro & CHAKRABORTY, Archishman, 2002. "Occupational Choice, Incentives and Wealth Redistributions with Scarcity of Capital," Les Cahiers de Recherche 788, HEC Paris. [Downloadable!]
  10. Arnaud Costinot, 2007. "Heterogeneity and Trade," University of California at San Diego, Economics Working Paper Series 2008-04, Department of Economics, UC San Diego. [Downloadable!]
  11. CITANNA, Alessandro & CHAKRABORTY, Archishman, 2001. "Occupational Choice, incentives and wealth distribution," Les Cahiers de Recherche 720, HEC Paris. [Downloadable!]
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  12. Legros, Patrick & Newman, Andrew, 2002. "Assortative Matching in a Non-transferable World," CEPR Discussion Papers 3469, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  13. Luis Garicano & Esteban Rossi-Hansberg, 2005. "Organization and Inequality in a Knowledge Economy," NBER Working Papers 11458, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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