1. Stability and substitutability in multi-period matching markets.
- Author
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Bando, Keisuke and Kawasaki, Ryo
- Subjects
- *
DYNAMIC models , *CONTRACTS - Abstract
We analyze a multi-period matching market where matching between agents is decided for each time period. To analyze this situation, we embed the situation into the framework of many-to-many matching with contracts where the contract includes the time period at which the matching occurs. While a general stability concept is already defined for the matching with contracts framework, in a multi-period matching model, a stable outcome may not exist when contracts exhibit complementarities across time periods. Thus, we define a weaker stability concept called temporal stability by taking into account the dynamic nature of the model. We provide sufficient conditions for the existence of a temporally stable outcome, including a corresponding substitutability condition, ordered substitutability, for the multi-period matching model. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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