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Stability and Competitive Equilibrium in Matching Markets with Transfers

By: John William Hatfield and Scott Duke Kominers
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Abstract

This note surveys recent work in generalized matching theory, focusing on trading networks with transferable utility. In trading networks with a finite set of contractual opportunities, the substitutability of agents’ preferences is essential for the guaranteed existence of stable outcomes and the correspondence of stable outcomes with competitive equilibria. Closely analogous results hold when venture participation is continuously adjustable, but under a concavity condition on agents’ preferences which allows for some types of complementarity.

Keywords

Matching; Networks; Joint Ventures; Stability; Competitive Equilibrium; Core; Efficiency; Economics; Theory

Citation

Hatfield, John William, and Scott Duke Kominers. "Stability and Competitive Equilibrium in Matching Markets with Transfers." ACM SIGecom Exchanges 10, no. 3 (December 2011).
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About The Author

Scott Duke Kominers

Entrepreneurial Management
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