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Matching with Recall

Author

Listed:
  • Bramoullé, Yann
  • Rogers, Brian
  • Yenerdag, Erdem

Abstract

We study a two-period one-to-one dynamic matching environment in which agents meet randomly and decide whether to match early or defer. Crucially, agents can match with either partner in the second period. This ``recall’’ captures situations where, e.g., a firm and worker can conduct additional interviews before contracting. Recall has a profound impact on incentives and on aggregate outcomes. We show that the likelihood to match early is non-monotonic in type: early matches occur between the good-but-not-best agents. The option value provided by the first-period partner provides a force against unraveling, so that deferrals occur under small participation costs.

Suggested Citation

  • Bramoullé, Yann & Rogers, Brian & Yenerdag, Erdem, 2022. "Matching with Recall," CEPR Discussion Papers 17048, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:17048
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    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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