Matching and Sorting with Horizontal Heterogeneity
This paper examine a class of two-sided matching problems with non-transferable utility. Agents are horizontally differentiated, and each would prefer to be matched with a similar partner; in short, "like attracts like". Although such preferences imply a unique stable matching, the degree of assortment in equilibrium is found to depend critically on the distribution of characteristics among the two sexes. In particular, the greater the difference between men and women, the greater the tendency to negative assortment. Constraints on who can match with whom may improve welfare and we interpret this as a theory of social stratification.
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- Patrick Legros & Andrew F. Newman, 2007.
"Beauty Is a Beast, Frog Is a Prince: Assortative Matching with Nontransferabilities,"
Econometric Society, vol. 75(4), pages 1073-1102, July.
- Patrick Legros & Andrew F. Newman, 2002. "Beauty is a Beast, Frog is a Prince: Assortative Matching with Nontransferabilities," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-149, Boston University - Department of Economics, revised Nov 2004.
- Patrick Legros & Andrew F. Newman, 2003. "Beauty is a Beast, Frog is a Prince: Assortative Matching with Nontransferabilities," Economics Working Papers 0030, Institute for Advanced Study, School of Social Science.
- Durlauf, S.N., 1996. "Associational Redistribution: A Defense," Working papers 9613, Wisconsin Madison - Social Systems.
- Kiyotaki, Nobuhiro & Wright, Randall, 1989. "On Money as a Medium of Exchange," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 927-954, August.
- Burdett, Kenneth & Coles, Melvyn G, 1999. "Long-Term Partnership Formation: Marriage and Employment," Economic Journal, Royal Economic Society, vol. 109(456), pages 307-334, June.
- 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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