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Monotone matching in perfect and imperfect worlds

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  • Patrick Legros
  • Andrew Newman

Abstract

We study frictionless matching in large economies with and without market imperfections, providing sufficient conditions for monotone matching that are weaker than those previously known. Necessary conditions, which depend on a key analytical object we call the surplus function, are also offered. Changes in the surplus yield valuable information about the comparative statics of matching patterns across environments. We apply our framework to some examples adapted from the literature, accounting for and extending several comparative-static and welfare results. We also explore the dependence of the matching pattern on the type distribution. Copyright 2002, Wiley-Blackwell.

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Bibliographic Info

Paper provided by ULB -- Universite Libre de Bruxelles in its series ULB Institutional Repository with number 2013/7032.

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Date of creation: Oct 2002
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Publication status: Published in: The Review of Economic Studies (2002) v.69 n° 4,p.925-942
Handle: RePEc:ulb:ulbeco:2013/7032

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  12. Benabou, Roland, 1993. "Workings of a City: Location, Education, and Production," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 108(3), pages 619-52, August.
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