The Losses from Integration in Matching Markets can be Large

• Tác giả: Josué Ortega
• Ngôn ngữ: eng
• Ký hiệu phân loại: 658.8 Management of marketing
• Thông tin xuất bản: 2018
• Bộ sưu tập: Metadata
• ID: 162316

Tóm tắt

Although the integration of two-sided matching markets using stable mechanisms generates expected gains from integration, I show that there are worst-case scenarios in which these are negative. The losses from integration can be large enough that the average rank of an agent's spouse decreases by 37.5% of the length of their preference list in any stable matching mechanism.