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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2627

Title: Incentives in Decentralized Random Matching Markets
Authors: Pais, Joana
Keywords: Matching Markets
Stability
Random Mechanisms
Issue Date: 2006
Publisher: ISEG – Departamento de Economia
Citation: Pais, Joana. 2006. "Incentives in Decentralized Random Matching Markets". Instituto Superior de Economia e Gestão - DE Working papers nº 12-2006/DE/UECE
Series/Report no.: DE Working papers;nº 12-2006/DE/UECE
Abstract: Decentralized markets are modeled by means of a sequential game where, starting from any matching situation, firms are randomly given the opportunity to make job offers. In this random context, we prove the existence of ordinal subgame perfect equilibria where firms act according to a list of preferences. Moreover, every such equilibrium preserves stability for a particular profile of preferences. In particular, when firms act truthfully, every outcome is stable for the true preferences. Conversely, when the initial matching is the empty matching, every stable matching can be reached as the outcome of an ordinal equilibrium play of the game.
URI: http://hdl.handle.net/10400.5/2627
ISSN: 0874-4548
Publisher version: https://aquila1.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=26448
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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