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Hiring mechanisms, application costs and stability

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  • Triossi, Matteo

Abstract

This note considers a hiring mechanism with multiple applications and application costs, which encompasses the common features of many real-world procedures. Multiple applications impose serious coordination problems to colleges, but application costs restore stability. With zero application costs unstable allocations arise at equilibrium. We provide necessary and sufficient conditions that guarantee the stability of the outcomes.

Suggested Citation

  • Triossi, Matteo, 2009. "Hiring mechanisms, application costs and stability," Games and Economic Behavior, Elsevier, vol. 66(1), pages 566-575, May.
    • Handle: RePEc:eee:gamebe:v:66:y:2009:i:1:p:566-575
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    References listed on IDEAS

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    Cited by:

    1. Salgado Alfredo, 2018. "Incomplete Information and Costly Signaling in College Admissions," Working Papers 2018-23, Banco de México.
    2. Antonio Romero-Medina & Matteo Triossi, 2023. "Take-it-or-leave-it contracts in many-to-many matching markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(2), pages 591-623, February.
    3. BONKOUNGOU, Somouaoga, 2016. "Pareto dominance of deferred acceptance through early decision," Cahiers de recherche 2016-07, Universite de Montreal, Departement de sciences economiques.
    4. Alcalde, José, 2018. "Beyond the Spanish MIR with consent: (Hidden) cooperation and coordination in matching," Games and Economic Behavior, Elsevier, vol. 110(C), pages 32-49.
    5. Alfredo Salgado-Torres, 2012. "A simple decentralized matching mechanism in markets with couples," Economics Bulletin, AccessEcon, vol. 32(3), pages 2044-2055.
    6. Yasushi Kawase & Keisuke Bando, 2021. "Subgame perfect equilibria under the deferred acceptance algorithm," International Journal of Game Theory, Springer;Game Theory Society, vol. 50(2), pages 503-546, June.
    7. Somouaoga BONKOUNGOU, 2016. "Pareto Dominance of Deferred Acceptance through Early Decision," Cahiers de recherche 11-2016, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    8. Bó, Inácio & Hakimov, Rustamdjan, 2022. "The iterative deferred acceptance mechanism," Games and Economic Behavior, Elsevier, vol. 135(C), pages 411-433.
    9. Romero-Medina, Antonio & Triossi, Matteo, 2014. "Non-revelation mechanisms in many-to-one markets," Games and Economic Behavior, Elsevier, vol. 87(C), pages 624-630.

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