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- Hiring Procedures To Implement Stable Allocations

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Author Info
José Alcalde () (Universidad de Andalucía)
Antonio Romero Medina (Universidad Carlos III de Madrid)
David Pérez-Castrillo (Universidad Autónoma de Barcelona)

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Abstract

We implement the core correspondence in Subgame Perfect Equilibrium using a simplesequential mechanism in which firms propose a salary to each worker (in the first stage). Then ,each worker accepts at most one proposal (second stage). Moreover, we show that, if agents'preferences are additive, this mechanism implements in Subgame Perfect Equilibrium that firms'optimal correspondence when firms employ undominated strategies. Finally we construct anothersimple sequential mechanism to implement workers' optimal correspondence when agents'preferences are additive.

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File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-1997-10.pdf
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File Function: Fisrt version / Primera version, 1997
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Publisher Info
Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 1997-10.

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Length: 16 pages
Date of creation: Apr 1997
Date of revision:
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasad:1997-10

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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. Peraz-Castrillo, J., 1992. "Cooperative Outcomes Through Non-Cooperative Games," UFAE and IAE Working Papers 165.92, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
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  2. Alcalde, Jose, 1996. "Implementation of Stable Solutions to Marriage Problems," Journal of Economic Theory, Elsevier, vol. 69(1), pages 240-254, April. [Downloadable!] (restricted)
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  3. Roth, Alvin E. & Sotomayor, Marilda, 1992. "Two-sided matching," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 16, pages 485-541 Elsevier. [Downloadable!] (restricted)
  4. Serrano Roberto, 1995. "A Market to Implement the Core," Journal of Economic Theory, Elsevier, vol. 67(1), pages 285-294, October. [Downloadable!] (restricted)
  5. Alcalde, Jose & Romero-Medina, Antonio, 2000. "Simple Mechanisms to Implement the Core of College Admissions Problems," Games and Economic Behavior, Elsevier, vol. 31(2), pages 294-302, May. [Downloadable!] (restricted)
  6. Kelso, Alexander S, Jr & Crawford, Vincent P, 1982. "Job Matching, Coalition Formation, and Gross Substitutes," Econometrica, Econometric Society, vol. 50(6), pages 1483-1504, November. [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. Ester Cami?, 2002. "A Generalized Assignment Game," UFAE and IAE Working Papers 514.02, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC). [Downloadable!]
  2. Roberto Serrano, 2004. "Fifty Years of the Nash Program, 1953-2003," Working Papers 2004-20, Brown University, Department of Economics. [Downloadable!]
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  3. Christian Roessler & Philipp Koellinger, 2009. "Firm Formation with Complementarities: The Role of the Entrepreneur," Tinbergen Institute Discussion Papers 09-003/3, Tinbergen Institute, revised 03 Jun 2009. [Downloadable!]
  4. Kaniska Dam & David Perez-Castrillo, 2003. "The Principal-Agent Matching Market," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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  5. José Alcalde & Antonio Romero Medina, 1999. "- Sequential Decisions In The College Admissions Problem," Working Papers. Serie AD 1999-16, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
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  6. Matteo Triossi & Antonio Romero-Medina, 2006. "Ramón y Cajal: Mediation and Meritocracy," Carlo Alberto Notebooks 22, Collegio Carlo Alberto. [Downloadable!]
  7. David Pérez-Castrillo & Marilda Sotomayor, 2003. "A Selling Mechanism," Revista Brasileira de Economia, Graduate School of Economics, Getulio Vargas Foundation (Brazil), vol. 57(4), April. [Downloadable!]
  8. Echenique, Federico & Oviedo, Jorge, 2003. "A Theory of Stability in Many-to-Many Matching Markets," Working Papers 1185, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
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  9. José Alcalde & Pablo Revilla, 1998. "- The Role Of Unions In Hiring Procedures For Job Markets," Working Papers. Serie AD 1998-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
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  10. Alexey Kushnir, 2009. "Matching Markets with Signals," Working Papers 2009.39, Fondazione Eni Enrico Mattei. [Downloadable!]
  11. Hideo Konishi & Margarita Sapozhnikov, 2006. "Decentralized Matching Markets with Endogenous Salaries," Boston College Working Papers in Economics 654, Boston College Department of Economics, revised 03 Jan 2008. [Downloadable!]
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  12. Haeinger, Guillaume & Wooders, Myrna, 2003. "Decentralized Job Matching," The Warwick Economics Research Paper Series (TWERPS) 688, University of Warwick, Department of Economics. [Downloadable!]
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  13. David Perez-Castrillo & Marilda Sotomayor, 2000. "A Simple Selling and Buying Procedure," Econometric Society World Congress 2000 Contributed Papers 0704, Econometric Society. [Downloadable!]
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