On the correspondence of contracts to salaries in (many-to-many) matching

Scott Kominers

Games and Economic Behavior, 2012, vol. 75, issue 2, 984-989

Abstract: In this note, I extend the work of Echenique (2012) to show that a model of many-to-many matching with contracts may be embedded into a model of many-to-many matching with wage bargaining whenever (1) all agentsʼ preferences are substitutable and (2) the matching with contracts model is unitary, in the sense that every contractual relationship between a given firm–worker pair is specified in a single contract. Conversely, I show that unitarity is essentially necessary for the embedding result.

Keywords: Many-to-many matching; Stability; Substitutes; Contract design; Unitarity (search for similar items in EconPapers)
JEL-codes: C78 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (26)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:75:y:2012:i:2:p:984-989

DOI: 10.1016/j.geb.2011.12.002

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