Efficiency, stability, and commitment in senior level job matching markets

A-Tier
Journal: Journal of Economic Theory
Year: 2021
Volume: 194
Issue: C

Authors (2)

Sun, Ning (not in RePEc) Yang, Zaifu (University of Macau)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We propose a senior level job matching model with multiple heterogeneous incumbents and entrants. An agent (firm or worker) can be committed or uncommitted (i.e., free). A committed agent is bound by her commitment and cannot unilaterally dissolve her partnership unless her partner agrees to do so. A free agent can make decisions independently. Every agent has preferences over multiple contracts and tries to find her best possible partner with a contract. We examine the problem of how to match workers and firms as well as possible and to set free as many committed agents as possible without violating any commitment. We show the existence of stable and (strict) core matchings through our designed market mechanism and obtain a lattice result for such outcomes and incentive compatibility results for the mechanism.

Technical Details

RePEc Handle
repec:eee:jetheo:v:194:y:2021:i:c:s0022053121000764
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29