Multilateral matching

A-Tier
Journal: Journal of Economic Theory
Year: 2015
Volume: 156
Issue: C
Pages: 175-206

Authors (2)

Hatfield, John William (not in RePEc) Kominers, Scott Duke (Harvard University)

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 introduce a matching model in which agents engage in joint ventures via multilateral contracts. This approach allows us to consider production complementarities previously outside the scope of matching theory. We show analogues of the first and second welfare theorems and, when agents' utilities are concave in venture participation, show that competitive equilibria exist, correspond to stable outcomes, and yield core outcomes. Competitive equilibria exist in our setting even when externalities are present.

Technical Details

RePEc Handle
repec:eee:jetheo:v:156:y:2015:i:c:p:175-206
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25