IDEAS home Printed from https://ideas.repec.org/p/jmp/jm2019/pal868.html
   My bibliography  Save this paper

Dynamic Many-to-One Matching

Author

Listed:
  • Ahmet Altinok

Abstract

We study many-to-one matching markets in a dynamic framework with the followingfeatures: Matching is irreversible, participants exogenously join the market over time, eachagent is restricted by a quota, and agents are perfectly patient. A form of strategic behaviorin such markets emerges: The side with many slots can manipulate the subsequent matchingmarket in their favor via earlier matchings. In such a setting, a natural question arises: Canwe analyze a dynamic many-to-one matching market as if it were either a static many-to-oneor a dynamic one-to-one market? First, we provide sufficient conditions under which theanswer is yes. Second, we show that if these conditions are not met, then the early matchingsare âinferiorâ to the subsequent matchings. Lastly, we extend the model to allow agents onone side to endogenously decide when to join the market. Using this extension, we provide arationale for the small amount of unraveling observed in the US medical residency matchingmarket compared to the US college-admissions system.

Suggested Citation

  • Ahmet Altinok, 2019. "Dynamic Many-to-One Matching," 2019 Papers pal868, Job Market Papers.
    • Handle: RePEc:jmp:jm2019:pal868
    as

    Download full text from publisher

    File URL: https://ideas.repec.org/jmp/2019/pal868.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Peter Coles & John Cawley & Phillip B. Levine & Muriel Niederle & Alvin E. Roth & John J. Siegfried, 2010. "The Job Market for New Economists: A Market Design Perspective," Journal of Economic Perspectives, American Economic Association, vol. 24(4), pages 187-206, Fall.
    2. Christopher Avery & Jonathan Levin, 2010. "Early Admissions at Selective Colleges," American Economic Review, American Economic Association, vol. 100(5), pages 2125-2156, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Doval, Laura, 2022. "Dynamically stable matching," Theoretical Economics, Econometric Society, vol. 17(2), May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alvin E. Roth, 2010. "Marketplace Institutions Related to the Timing of Transactions," NBER Working Papers 16556, National Bureau of Economic Research, Inc.
    2. Alvin E. Roth, 2012. "Marketplace Institutions Related to the Timing of Transactions: Reply to Priest," Journal of Labor Economics, University of Chicago Press, vol. 30(2), pages 479-494.
    3. Peter Coles & Alexey Kushnir & Muriel Niederle, 2013. "Preference Signaling in Matching Markets," American Economic Journal: Microeconomics, American Economic Association, vol. 5(2), pages 99-134, May.
    4. Kushnir, Alexey, 2013. "Harmful signaling in matching markets," Games and Economic Behavior, Elsevier, vol. 80(C), pages 209-218.
    5. James A. Dearden & Suhui Li & Chad D. Meyerhoefer & Muzhe Yang, 2017. "Demonstrated Interest: Signaling Behavior In College Admissions," Contemporary Economic Policy, Western Economic Association International, vol. 35(4), pages 630-657, October.
    6. Soohyung Lee & Muriel Niederle, 2015. "Propose with a rose? Signaling in internet dating markets," Experimental Economics, Springer;Economic Science Association, vol. 18(4), pages 731-755, December.
    7. Janine Balter & Michela Rancan & Olena Senyuta, 2014. "Truncation in the Matching Markets and Market Ineffciency," RSCAS Working Papers 2014/04, European University Institute.
    8. Yeon-Koo Che & Youngwoo Koh, 2016. "Decentralized College Admissions," Journal of Political Economy, University of Chicago Press, vol. 124(5), pages 1295-1338.
    9. Wouter Dessein & Alex Frankel & Navin Kartik, 2023. "Test-Optional Admissions," Papers 2304.07551, arXiv.org, revised Nov 2023.
    10. Scott Duke Kominers & Alexander Teytelboym & Vincent P Crawford, 2017. "An invitation to market design," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(4), pages 541-571.
    11. Lanfei Shi & Siva Viswanathan, 2023. "Optional Verification and Signaling in Online Matching Markets: Evidence from a Randomized Field Experiment," Information Systems Research, INFORMS, vol. 34(4), pages 1603-1621, December.
    12. Grenet, Julien & He, YingHua & Kübler, Dorothea, 2022. "Preference Discovery in University Admissions: The Case for Dynamic Multioffer Mechanisms," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 130(6), pages 1-1.
    13. Ursprung, Heinrich, 2019. "Endogenous maternity allowances as exemplified by academic promotion standards," Labour Economics, Elsevier, vol. 60(C), pages 1-11.
    14. Antler, Y, 2016. "No One Likes to Be Second Choice," Economics Discussion Papers 17510, University of Essex, Department of Economics.
    15. Salgado Alfredo, 2018. "Incomplete Information and Costly Signaling in College Admissions," Working Papers 2018-23, Banco de México.
    16. Brooke Helppie McFall & Marta Murray-Close & Robert J. Willis & Uniko Chen, 2014. "Is it all worth it? The experiences of new PhDs on the job market, 2007-2010," NBER Working Papers 20654, National Bureau of Economic Research, Inc.
    17. Mustafa Afacan, 2013. "The welfare effects of pre-arrangements in matching markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 53(1), pages 139-151, May.
    18. Markus Eberhardt & Giovanni Facchini & Valeria Rueda, 2023. "Gender Differences in Reference Letters: Evidence from the Economics Job Market," The Economic Journal, Royal Economic Society, vol. 133(655), pages 2676-2708.
    19. Michael E. Rose & Suraj Shekhar, 2021. "Indirect Contacts in Hiring: The Economics Job Market," Working Papers 55, Ashoka University, Department of Economics.
    20. Dennis Epple & Richard Romano & Sinan Sarpça & Holger Sieg & Melanie Zaber, 2019. "Market power and price discrimination in the US market for higher education," RAND Journal of Economics, RAND Corporation, vol. 50(1), pages 201-225, March.

    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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jmp:jm2019:pal868. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: RePEc Team (email available below). General contact details of provider: https://ideas.repec.org/jmp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.