Contracts versus salaries in matching: A general result

Jan Christoph Schlegel

Journal of Economic Theory, 2015, vol. 159, issue PA, 552-573

Abstract: It is shown that a matching market with contracts can be embedded into a matching market with salaries under weaker conditions than substitutability of contracts. In particular, the result applies to the recently studied problem of cadet-to-branch matching. As an application of the embedding result, a new class of mechanisms for matching markets with contracts is defined that generalize the firm-proposing deferred acceptance algorithm to the case where contracts are unilateral substitutes for firms.

Keywords: Matching with contracts; Matching with salaries; Embedding; Substitutes; Unilateral substitutes; Bilateral substitutes (search for similar items in EconPapers)
JEL-codes: C78 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:159:y:2015:i:pa:p:552-573

DOI: 10.1016/j.jet.2015.07.015

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