Stable matching in large markets with occupational choice

Guilherme Carmona and Krittanai Laohakunakorn ()
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Krittanai Laohakunakorn: School of Economics, University of Surrey

Theoretical Economics, 2024, vol. 19, issue 3

Abstract: We introduce a model of large many-to-one matching markets with occupational choice where each individual can choose which side of the market to belong to. We show that stable matchings exist under mild assumptions; in particular, both complementarities and externalities can be accommodated. Our model generalizes Greinecker and Kah (2021), which focuses on one-to-one matching and did not allow for occupational choice. Applications include the roommate problem with non-atomic participants, explaining the size and distribution of firms and wage inequality.

Keywords: Occupational choice; stability; complementarity; externalities; large economy (search for similar items in EconPapers)
JEL-codes: C78 D47 (search for similar items in EconPapers)
Date: 2024-07-24
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