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arXiv · 2102.04337

Ordinal and cardinal solution concepts for two-sided matching

Federico Echenique·Alfred Galichon
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Abstract

We characterize solutions for two-sided matching, both in the transferable and in the nontransferable-utility frameworks, using a cardinal formulation. Our approach makes the comparison of the matching models with and without transfers particularly transparent. We introduce the concept of a no-trade matching to study the role of transfers in matching. A no-trade matching is one in which the availability of transfers do not affect the outcome.

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Federico Echenique, Alfred Galichon. 2021-02-08. Ordinal and cardinal solution concepts for two-sided matching. https://doi.org/10.1016/j.geb.2015.10.002

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