Strategic complementarities and unraveling in matching markets

被引：14
|
作者：
Echenique, Federico [1 ]
Pereyra, Juan Sebastian [2 ,3 ]
机构：
[1] CALTECH, Div Humanities & Social Sci, Pasadena, CA 91125 USA
[2] Univ Libre Bruxelles, ECARES Solvay Brussels Sch Econ & Management, Brussels, Belgium
[3] FRS FNRS, Molenbeek St Jean, Belgium
来源：
THEORETICAL ECONOMICS | 2016年 / 11卷 / 01期
基金：
欧洲研究理事会;
关键词：
Stable matching; Gale-Shapley; two-sided matching; unraveling; strategic complementarities; assortative matching; NATURAL EXPERIMENT; GASTROENTEROLOGY; GAMES; RUSH;
D O I：
10.3982/TE1831
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We present a theoretical explanation of inefficient early matching in matching markets. Our explanation is based on strategic complementarities and strategic unraveling. We identify a negative externality imposed on the rest of the market by agents who make early offers. As a consequence, an agent may make an early offer because she is concerned that others are making early offers. Yet other agents make early offers because they are concerned that others worry about early offers, and so on and so forth. The end result is that any given agent is more likely to make an early offer than a late
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页码：1 / 39
页数：39
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