Equilibrium and matching under price controls

A-Tier
Journal: Journal of Economic Theory
Year: 2018
Volume: 177
Issue: C
Pages: 222-244

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

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

Abstract

The paper considers a matching with contracts model in the presence of price controls. The model contains two important streams in the matching literature, those with and those without monetary transfers, as special cases. An adjustment process that ends with a stable outcome is presented. The paper presents a notion of competitive equilibrium, called Drèze equilibrium, and shows Drèze equilibrium allocations to be equivalent to allocations induced by stable outcomes. We therefore have an equivalence that is valid with and without monetary transfers as well as when monetary transfers are limited.

Technical Details

RePEc Handle
repec:eee:jetheo:v:177:y:2018:i:c:p:222-244
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25