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Time Horizons, Lattice Structures, and Welfare in Multi-period Matching Markets

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  • Kadam, Sangram V.

    (Harvard University)

  • Kotowski, Maciej H.

    (Harvard University)

Abstract

We analyze a T-period, bilateral matching economy without monetary transfers. Under natural restrictions on agents' preferences, which accommodate switching costs, status-quo bias, and other forms of inter-temporal complementarity, dynamically stable matchings exist. We propose an ordering of the set of dynamically stable matchings ensuring this set forms a lattice. We investigate the robustness of dynamically stable matchings with respect to the market's time horizon. We relate our analysis to market-design applications, including student-school assignment and labor markets.

Suggested Citation

  • Kadam, Sangram V. & Kotowski, Maciej H., 2015. "Time Horizons, Lattice Structures, and Welfare in Multi-period Matching Markets," Working Paper Series rwp15-031, Harvard University, John F. Kennedy School of Government.
    • Handle: RePEc:ecl:harjfk:rwp15-031
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    References listed on IDEAS

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    Cited by:

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    3. Liu, Ce, 2023. "Stability in repeated matching markets," Theoretical Economics, Econometric Society, vol. 18(4), November.
    4. Vincent Iehlé, 2016. "Gradual College Admisssion," Post-Print halshs-02367006, HAL.

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    More about this item

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design

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