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Published March 22, 2016 | Accepted Version
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Ordinal and cardinal solution concepts for two-sided matching

Abstract

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.

Additional Information

This research has received funding from the European Research Council under the European Union's Seventh Framework Programme (FP7/2007-2013) / ERC grant agreement n 313699. Support from FiME, Laboratoire de Finance des Marchés de l'Energie (www.fime-lab.org) is gratefully acknowledged.

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August 22, 2023
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