Decentralized job matching
This paper studies a decentralized job market model where firms (academic departments) propose sequentially a (unique) position to some workers (Ph.D. candidates). Successful candidates then decide whether to accept the offers, and departments whose positions remain unfllled propose to other candidates. We distinguish between several cases, depending on whether agentsí actions are simultaneous and/or irreversible (if a worker accepts an offer he is immediately matched, and both the worker and the firm to which she is matched exit the market). For all these cases, we provide a complete characterization of the Nash equilibrium outcomes and the subgame perfect equilibria. While the set of Nash equilibria outcomes contains all individually rational matchings, it turns out that in most cases considered all subgame perfect equilibria yield a unique outcome, the worker-optimal matching.
|Date of creation:||Nov 2003|
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"Simple mechanisms to implement the core of college admissions problems,"
UC3M Working papers. Economics
6124, Universidad Carlos III de Madrid. Departamento de Economía.
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- Alcalde, Jose, 1996.
"Implementation of Stable Solutions to Marriage Problems,"
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Elsevier, vol. 69(1), pages 240-254, April.
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- Blum, Yosef & Roth, Alvin E. & Rothblum, Uriel G., 1997. "Vacancy Chains and Equilibration in Senior-Level Labor Markets," Journal of Economic Theory, Elsevier, vol. 76(2), pages 362-411, October.
- Roth, Alvin E & Xing, Xiaolin, 1997. "Turnaround Time and Bottlenecks in Market Clearing: Decentralized Matching in the Market for Clinical Psychologists," Journal of Political Economy, University of Chicago Press, vol. 105(2), pages 284-329, April.
- Sang-Chul Suh & Quan Wen, 2008. "Subgame perfect implementation of stable matchings in marriage problems," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 31(1), pages 163-174, June.
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