Dynamic matching games: stationary equilibria under varying commitments

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Tác giả: Nadia Guiñazú, Pablo Neme, Jorge Oviedo

Ngôn ngữ: eng

Ký hiệu phân loại: 519.3 Game theory

Thông tin xuất bản: 2024

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Bộ sưu tập: Metadata

ID: 205128

This paper examines equilibria in dynamic two-sided matching games, extending Gale and Shapley's foundational model to a non-cooperative, decentralized, and dynamic framework. We focus on markets where agents have utility functions and commitments vary. Specifically, we analyze a dynamic matching game in which firms make offers to workers in each period, considering three types of commitment: (i) no commitment from either side, (ii) firms' commitment, and (iii) workers' commitment. Our results demonstrate that stable matchings can be supported as stationary equilibria under different commitment scenarios, depending on the strategies adopted by firms and workers. Furthermore, we identify key conditions, such as discount factors, that influence agents' decisions to switch partners, thereby shaping equilibrium outcomes.
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