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Job Matching and Coalition Formation with Utility or Disutility of Co-workers

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  • Jinpeng Ma

Abstract

This paper studies the job matching market in Kelso and Crawford(1982) with one exception that co-workers may generate utility or disutility in the workplace. We provide a simple idea to show how a great number of sufficient condiions for a nonempty core in the literature can be extended to this labor market. We also provide a deterministic and a stochatic recursive dynamic system each of which converges to an efficient core outcome as long as the core is nonempty.

Suggested Citation

  • Jinpeng Ma, 1998. "Job Matching and Coalition Formation with Utility or Disutility of Co-workers," Discussion Papers 1230, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    • Handle: RePEc:nwu:cmsems:1230
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    File URL: http://www.kellogg.northwestern.edu/research/math/papers/1230.pdf
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    References listed on IDEAS

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    1. Shapley, Lloyd S & Shubik, Martin, 1969. "On the Core of an Economic System with Externalities," American Economic Review, American Economic Association, vol. 59(4), pages 678-684, Part I Se.
    2. Roth,Alvin E. & Sotomayor,Marilda A. Oliveira, 1992. "Two-Sided Matching," Cambridge Books, Cambridge University Press, number 9780521437882, January.
    3. Vernon L. Smith, 1962. "An Experimental Study of Competitive Market Behavior," Journal of Political Economy, University of Chicago Press, vol. 70(2), pages 111-111.
    4. Ma, Jinpeng, 1998. "Competitive Equilibrium with Indivisibilities," Journal of Economic Theory, Elsevier, vol. 82(2), pages 458-468, October.
    5. Charles Blair, 1988. "The Lattice Structure of the Set of Stable Matchings with Multiple Partners," Mathematics of Operations Research, INFORMS, vol. 13(4), pages 619-628, November.
    6. Roth, Alvin E, 1984. "Stability and Polarization of Interests in Job Matching," Econometrica, Econometric Society, vol. 52(1), pages 47-57, January.
    7. Bikhchandani, Sushil & Mamer, John W., 1997. "Competitive Equilibrium in an Exchange Economy with Indivisibilities," Journal of Economic Theory, Elsevier, vol. 74(2), pages 385-413, June.
    8. Kelso, Alexander S, Jr & Crawford, Vincent P, 1982. "Job Matching, Coalition Formation, and Gross Substitutes," Econometrica, Econometric Society, vol. 50(6), pages 1483-1504, November.
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    Cited by:

    1. Amihai Glazer & Vesa Kanniainen & Panu Poutvaara, 2004. "Initial Luck, Status-Seeking and Snowballs Lead to Corporate Success and Failure," CESifo Working Paper Series 1216, CESifo.
    2. Christian Roessler & Philipp Koellinger, 2009. "Firm Formation with Complementarities: The Role of the Entrepreneur," Tinbergen Institute Discussion Papers 09-003/3, Tinbergen Institute, revised 26 Jul 2011.
    3. Bando, Keisuke, 2012. "Many-to-one matching markets with externalities among firms," Journal of Mathematical Economics, Elsevier, vol. 48(1), pages 14-20.
    4. Roessler, Christian & Koellinger, Philipp, 2012. "Entrepreneurship and organization design," European Economic Review, Elsevier, vol. 56(4), pages 888-902.
    5. Francis Flanagan, 2015. "Contracts vs. preferences over colleagues in matching," International Journal of Game Theory, Springer;Game Theory Society, vol. 44(1), pages 209-223, February.

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    More about this item

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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