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

  • Patrick Legros

    (ECARES, Universite Libre de Bruxelles)

  • Andrew F. Newman

    ()

    (Institute for Economic Development, Boston University)

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, deriving new results for predicted matching patterns in those contexts

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Paper provided by Boston University - Department of Economics in its series Boston University - Department of Economics - The Institute for Economic Development Working Papers Series with number dp-149.

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Length: 40 pages
Date of creation: May 2002
Date of revision: Nov 2004
Handle: RePEc:bos:iedwpr:dp-149
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