TY - JOUR
T1 - Two-sided matching problems with externalities
AU - Sasaki, Hiroo
AU - Toda, Manabu
N1 - Funding Information:
* This paper is an outgrowth of our joint work ‘‘Marriage Problems with Externalities’’ presented at the 1989 Far Eastern Meeting of the Econometric Society in Kyoto. The first author acknowledges support from the Ministry of Education and Culture under Grant in Aid for Science Research 06630011 and support from Waseda University under Grant for Special Research Projects 94A-99. The second author acknowledges support from the Tokyo Center for Economic Research. We thank Professors Marcus Berliant, Tomoichi Shinotsuka, William Thomson, Hidemasa Tsubonuma, and Takahiro Watanabe for their useful comments and suggestions on the earlier version of this paper. We are also grateful to an anonymous referee for pointing out Ref. [8]. Any remaining errors are ours.
PY - 1996/7
Y1 - 1996/7
N2 - In this paper, we develop a model of two-sided matching markets with externalities. A new concept of stability of matchings is proposed and it is shown to be the unique one that ensures the general existence. Moreover, it is demonstrated that our stability does not contradict Pareto optimality. Some extensions of the model are also discussed. Journal of Economic Literature Classification Numbers: C71, C78, D62.
AB - In this paper, we develop a model of two-sided matching markets with externalities. A new concept of stability of matchings is proposed and it is shown to be the unique one that ensures the general existence. Moreover, it is demonstrated that our stability does not contradict Pareto optimality. Some extensions of the model are also discussed. Journal of Economic Literature Classification Numbers: C71, C78, D62.
UR - http://www.scopus.com/inward/record.url?scp=0030188407&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0030188407&partnerID=8YFLogxK
U2 - 10.1006/jeth.1996.0077
DO - 10.1006/jeth.1996.0077
M3 - Article
AN - SCOPUS:0030188407
VL - 70
SP - 93
EP - 108
JO - Journal of Economic Theory
JF - Journal of Economic Theory
SN - 0022-0531
IS - 1
ER -