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Faculty Research Working Paper Series
Maciej Kotowski
Associate Professor of Public Policy
phone: (617)495-8514
Time Horizons, Lattice Structures, and Welfare in Multi-Period Matching Markets
Kadam, Sangram V., and Maciej H. Kotowski. "Time Horizons, Lattice Structures, and Welfare in Multi-Period Matching Markets." HKS Faculty Research Working Paper Series RWP15-031, June 2015.
Abstract
We analyze a T-period, bilateral matching economy without monetary transfers. Under natural restrictions on agents’ preferences, which accommodate switching costs, status-quo bias, and other forms of inter-temporal complementarity, dynamically stable matchings exist. We propose an ordering of the set of dynamically stable matchings ensuring this set forms a lattice. We investigate the robustness of dynamically stable matchings with respect to the market’s time horizon. We relate our analysis to market-design applications, including student-school assignment and labor markets.
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