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Matching models

Wednesday, May 20, 2015 - 11:40am - 12:20pm
Yash Kanoria (Columbia University)
We study bilateral matching markets such as marriage markets, labor markets, and school/college admissions, that allow participants to form partnerships with each other for mutual benefit. We study competition in matching markets with random heterogeneous preferences. First, we find that such markets are extremely competitive. In unbalanced markets, each agent on the short side of the market is matched to one of his top preferences and each agent on the long side does almost no better than being matched to a random partner.
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