Efficiency and maximality in anonymous two-sided economies

Nabil Afodjo and Roland Pongou

Games and Economic Behavior, 2024, vol. 146, issue C, 184-195

Abstract: We study efficiency and maximality in anonymous two-sided economies, where each agent only cares about trading with a desired number of partners from the opposite side. For both homogeneous and heterogeneous economies, we provide a necessary and sufficient condition that ensures the efficiency of all pairwise stable matchings. In addition, we provide a sufficient condition for maximality in heterogeneous economies. These conditions have implications for the design of anonymous markets that function optimally without the continuous intervention of a social planner.

Keywords: Anonymous two-sided economies; Pairwise stable matchings; Efficiency; Maximality; Structural conditions (search for similar items in EconPapers)
JEL-codes: C73 C78 D47 D85 D91 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:146:y:2024:i:c:p:184-195

DOI: 10.1016/j.geb.2024.04.003

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