Working Paper: NBER ID: w14689
Authors: Michael Schwarz; M. Bumin Yenmez
Abstract: We define the median stable matching for two-sided matching markets with side payments and prove constructively that it exists.
Keywords: No keywords provided
JEL Codes: C78; J01
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| median stable matching exists (C78) | median stable matching is influenced by the distribution of utilities among agents (C78) |
| median stable matching acts as a compromise solution (C78) | median stable matching exists (C78) |
| median stable matching affected by underlying distributions of utilities in extreme matchings (C78) | median utility levels for agents are average of utility levels in firm-optimal and worker-optimal stable matchings (C78) |
| discrete core converges to continuous core (D51) | nature of the matching changes as conditions of the market evolve (C78) |