Note on solving one-to-one matching models with linear transferable utility
Fuente:
arXiv
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| Formato: | Preprint |
| Publicado: |
2024
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| _version_ | 1866913930867113984 |
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| author | Andersen, Esben Scrivers |
| author_facet | Andersen, Esben Scrivers |
| contents | We derive a system of fixed-point equations for the equilibrium transfers in a class of one-to-one matching models with linear transferable utility. We then show that, when the degree of substitution between alternatives is bounded from above, the derived system of equations constitutes a contraction mapping. As a result, fixed-point iterations are guaranteed to converge to the unique distribution of equilibrium transfers. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2409_05518 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Note on solving one-to-one matching models with linear transferable utility Andersen, Esben Scrivers General Economics Economics We derive a system of fixed-point equations for the equilibrium transfers in a class of one-to-one matching models with linear transferable utility. We then show that, when the degree of substitution between alternatives is bounded from above, the derived system of equations constitutes a contraction mapping. As a result, fixed-point iterations are guaranteed to converge to the unique distribution of equilibrium transfers. |
| title | Note on solving one-to-one matching models with linear transferable utility |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2409.05518 |