Social and Information Sciences Laboratory (SISL) Seminar

Friday May 24, 2019 12:00 PM

Stability and Externalities in Dynamic Matching Markets

Speaker: Laura Doval, Department of Humanities and Social Sciences, Caltech
Location: Baxter 127

Abstract: I study dynamic matching markets where matching opportunities arrive over time, matching is one-to-one and irreversible. I propose a stability notion, dynamic stability, which accommodates the trade-off between matching and waiting for a better match. Underlying the definition is the notion that the endogenous evolution of the pool of market participants embodies an externality for the continuation economy. Dynamically stable matchings exist. I show that mechanisms that implement dynamically stable matchings address a novel kind of strategy-proofness: market participants have an incentive to truthfully report the time at which they arrive in the market.

Series Linde Institute/Social and Information Sciences Laboratory Seminar Series (SISL)

Contact: Mary Martin at 626-395-4571 mmartin@caltech.edu