By Pierre-André Chiappori
Over the previous few a long time, matching versions, which use mathematical frameworks to investigate allocation mechanisms for heterogeneous items and members, have attracted renewed consciousness in either theoretical and utilized economics. those versions were utilized in many contexts, from exertions markets to organ donations, yet contemporary paintings has tended to target "nontransferable" instances instead of matching types with transfers. during this vital booklet, Pierre-André Chiappori fills a niche within the literature by way of featuring a transparent and chic assessment of matching with transfers and gives a collection of instruments that permit the research of matching styles in equilibrium, in addition to a chain of extensions. He then applies those instruments to the sector of family members economics and exhibits how research of matching styles and of the incentives hence generated can give a contribution to our realizing of long term monetary tendencies, together with inequality and the call for for greater education.
Read or Download Matching with Transfers: The Economics of Love and Marriage (The Gorman Lectures in Economics) PDF
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