Monotone Matching in Perfect and Imperfect Worlds

Patrick Legros & Andrew F. Newman
We study frictionless matching models in large production economies with and without market imperfections and/or incentive problems. We provide necessary and sufficient distribution-free conditions for monotone matching which depend on the relationship between what we call the segregation payoff -- a generalization of the individually rational payoff -- and the feasible set for a pair of types. Our approach yields some new techniques for computing equilibria, particularly when utility is not transferable. It also helps...
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