Hiring procedures to implement stable allocations
AbstractWe 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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Bibliographic InfoPaper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 1997-10.
Length: 16 pages
Date of creation: Apr 1997
Date of revision:
Publication status: Published by Ivie
Job matching markets; implementation; mechanism design;
Other versions of this item:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
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.:
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Cambridge University Press, number 9780521437882, April.
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- 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.
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- José Alcalde, 1995.
"Implementation of Stable Solutions to Marriage Problems,"
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- Alcalde, Jose, 1996. "Implementation of Stable Solutions to Marriage Problems," Journal of Economic Theory, Elsevier, vol. 69(1), pages 240-254, April.
- 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.
- Demange, Gabrielle & Gale, David, 1985. "The Strategy Structure of Two-sided Matching Markets," Econometrica, Econometric Society, vol. 53(4), pages 873-88, July.
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"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).
- Tayfun Sönmez & Tarik Kara, 1997. "Implementation of college admission rules (*)," Economic Theory, Springer, vol. 9(2), pages 197-218.
- Serrano Roberto, 1995. "A Market to Implement the Core," Journal of Economic Theory, Elsevier, vol. 67(1), pages 285-294, October.
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