Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072119 | Games and Economic Behavior | 2012 | 6 Pages |
Abstract
In this note, I extend the work of Echenique (2012) to show that a model of many-to-many matching with contracts may be embedded into a model of many-to-many matching with wage bargaining whenever (1) all agentsʼ preferences are substitutable and (2) the matching with contracts model is unitary, in the sense that every contractual relationship between a given firm-worker pair is specified in a single contract. Conversely, I show that unitarity is essentially necessary for the embedding result.
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Economics and Econometrics
Authors
Scott Duke Kominers,