Job Matching and Coalition Formation with Utility or Disutility of Co-workers
AbstractThis paper studies the job matching market in Kelso and Crawford(1982) with one exception that co-workers may generate utility or disutility in the workplace. We provide a simple idea to show how a great number of sufficient condiions for a nonempty core in the literature can be extended to this labor market. We also provide a deterministic and a stochatic recursive dynamic system each of which converges to an efficient core outcome as long as the core is nonempty.
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Bibliographic InfoPaper provided by Northwestern University, Center for Mathematical Studies in Economics and Management Science in its series Discussion Papers with number 1230.
Date of creation: Oct 1998
Date of revision:
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Postal: Center for Mathematical Studies in Economics and Management Science, Northwestern University, 580 Jacobs Center, 2001 Sheridan Road, Evanston, IL 60208-2014
Web page: http://www.kellogg.northwestern.edu/research/math/
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Find related papers by JEL classification:
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
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