Competition and cooperation in a two-sided matching market with replication

Marilda Sotomayor ()

Journal of Economic Theory, 2019, vol. 183, issue C, 1030-1056

Abstract: We replicate the “Multiple-partners game” of Sotomayor (1992) to yield a sequence with infinitely many terms. Each term, with more than one stage, is endowed with a structure of subgames given by the previous terms. The concepts of sequential stability and of perfect competitive equilibrium are introduced and characterized. We show that there is a subsequence, such that, for all its terms, these concepts, as well as the traditional concepts of stability and of competitive equilibrium, lead to the same set of allocations, which may be distinct of the core. This not always hold for the terms out of that subsequence.

Keywords: Sequential stability; Perfect competitive equilibrium; Equal treatment property; Sequential games; Extended markets; Core (search for similar items in EconPapers)
JEL-codes: C78 D78 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:183:y:2019:i:c:p:1030-1056

DOI: 10.1016/j.jet.2019.07.013

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