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Assortative Matching in a Non-transferable World

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Abstract

Progress in the application of matching models to environments in which the utility between matching partners is not fully transferable has been hindered by a lack of characterization results analogous to those that are known for transferable utility. We present sufficient conditions for matching to be monotone that are simple to express and easy to verify. We illustrate their application with some examples that are of independent interest.

Suggested Citation

  • Newman, Andrew, 2002. "Assortative Matching in a Non-transferable World," CEPR Discussion Papers 3469, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:3469
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    5. Patrick Legros & Andrew F. Newman, 2002. "Monotone Matching in Perfect and Imperfect Worlds," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 69(4), pages 925-942.
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    Cited by:

    1. Luis Garicano & Thomas N. Hubbard, 2016. "The Returns to Knowledge Hierarchies," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 32(4), pages 653-684.
    2. Dam Kaniska & Perez-Castrillo David, 2006. "The Principal-Agent Matching Market," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 2(1), pages 1-34, August.
    3. Bjerre-Nielsen, Andreas, 2020. "Assortative matching with network spillovers," Journal of Economic Theory, Elsevier, vol. 187(C).
    4. Andreas Bjerre-Nielsen, 2015. "Sorting in Networks: Adversity and Structure," Papers 1503.07389, arXiv.org, revised Aug 2017.
    5. Andrew F. Newman & Patrick Legros, 2011. "Incomplete Contracts and Industrial Organization: A Survey," Boston University - Department of Economics - Working Papers Series WP2011-036, Boston University - Department of Economics.
    6. Kaniska Dam & David Pérez-Castrillo, 2003. "Equilibrium Limited Liability Contracts in a Landlord-Tenant Market," Working Papers 99, Barcelona School of Economics.

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    More about this item

    Keywords

    Assortative matching; Principal agent; Contract theory;
    All these keywords.

    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts

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