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Beauty is a Beast, Frog is a Prince: Assortative Matching with Nontransferabilities

Listed author(s):
  • Patrick Legros

    ()

    (ECARES, Universite Libre de Bruxelles)

  • Andrew F. Newman

    (Department of Economics, University College London)

We present sufficient conditions for monotone matching in environments where utility is not fully transferable between partners. These conditions involve complementarity in types not only of the total payoff to a match, as in the transferable utility case, but also in the degree of transferability between partners. We apply our conditions to study some models of risk sharing and incentive problems.

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File URL: http://www.sss.ias.edu/publications/papers/econpaper30.pdf
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Paper provided by Institute for Advanced Study, School of Social Science in its series Economics Working Papers with number 0030.

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Length: 30 pages
Date of creation: Feb 2003
Handle: RePEc:ads:wpaper:0030
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  9. Roth, Alvin E. & Sotomayor, Marilda, 1992. "Two-sided matching," Handbook of Game Theory with Economic Applications,in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 16, pages 485-541 Elsevier.
  10. Newman, Andrew F., 2007. "Risk-bearing and entrepreneurship," Journal of Economic Theory, Elsevier, vol. 137(1), pages 11-26, November.
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  13. Patrick Legros & Andrew F. Newman, 2002. "Monotone Matching in Perfect and Imperfect Worlds," Review of Economic Studies, Oxford University Press, vol. 69(4), pages 925-942.
  14. Milgrom, Paul & Shannon, Chris, 1994. "Monotone Comparative Statics," Econometrica, Econometric Society, vol. 62(1), pages 157-180, January.
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  17. Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-846, July-Aug..
  18. Eeckhout, Jan, 2000. "On the uniqueness of stable marriage matchings," Economics Letters, Elsevier, vol. 69(1), pages 1-8, October.
  19. Daniel A. Ackerberg & Maristella Botticini, 2002. "Endogenous Matching and the Empirical Determinants of Contract Form," Journal of Political Economy, University of Chicago Press, vol. 110(3), pages 564-591, June.
  20. Simon Clark, 2002. "Uniqueness of Equilibrium in Two-sided Matching," ESE Discussion Papers 84, Edinburgh School of Economics, University of Edinburgh.
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