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Ordinal and cardinal solution concepts for two-sided matching

We characterize solutions for two-sided matching, both in the transferable and in the nontransferable-utility frameworks, using a cardinal formulation. Our approach makes the comparison of the matching models with and without transfers particularly transparent. We introduce the concept of a no-trade matching to study the role of transfers in matching. A no-trade matching is one in which the availability of transfers do not affect the outcome.

preprint2021arXivOpen access
Federico EcheniqueAlfred Galichon
q-fin.ECecon.GN
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Open access2 authors2 topics
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Federico EcheniqueAlfred Galichon

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