Found 3 article(s) for author 'Matching'

Respect for Improvements and Comparative Statics in Matching Markets

Respect for Improvements and Comparative Statics in Matching Markets. Scott Duke Kominers, August 21, 2019, Paper, “One of the oldest results in the theory of two-sided matching is the entry comparative static, which shows that under the Gale–Shapley deferred acceptance algorithm, adding a new agent to one side of the market makes all the agents on the other side weakly better off. Here, we give a new proof of the entry comparative static, by way of a well-known property of deferred acceptance called respect for improvements. Our argument extends to yield comparative static results in more general settings, such as the matching with slot-specific preferences framework.Link

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Matching, Sorting, and the Distributional Effects of International Trade

Matching, Sorting, and the Distributional Effects of International Trade. Elhanan Helpman, August 2014, Paper, “We study the distributional consequences of trade in a world with two industries and two heterogeneous factors of production. Productivity in each production unit reáects the ability of the manager and the abilities of the workers, with complementarity between the two. We begin by examining the forces that govern the sorting of worker and manager types to industries, and the matching of workers and managers within industries. We then consider how changes in relative output prices generated by changes in the trading environment a§ect sorting, matching, and the distributions of wages and salaries. We distinguish three mechanisms that govern the e§ects of trade on income distribution: trade increases demand for all types of the factor used intensively in the export sector; trade beneÖts those types of a factor that have a comparative advantage in the export sector; and trade induces a re-matching of workers and managers within both sectors, which beneÖts the more able types of the factor that achieves improved matches.Link

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Matching and Sorting in a Global Economy

Matching and Sorting in a Global Economy. Elhanan Helpman, September 2013, Paper. “We develop a neoclassical trade model with heterogeneous factors of production. We consider a world with two factors, labor and “managers,” each with a distribution of ability levels. Production combines a manager of some type with a group of workers. The output of a unit depends on the types of the two factors, with complementarity between them, while exhibiting diminishing returns to the number of workers…” Link Verified October 12, 2014

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