Competition and resource sensitivity in marriage and roommate markets
By: Bettina Klaus
Contributors: Harvard Business School
Series: Working paper / Harvard Business School -- 09-072; Working paper (Harvard Business School) -- 09-072
Publisher: Harvard Business School
Published: 2008
Place of publication: Boston
Language: eng
Number of pages: 23
Description: We consider one-to-one matching markets in which agents can either be matched as pairs or remain single. In these so-called roommate markets agents are consumers and resources at the same time. We investigate two new properties that capture the effect a newcomer has on incumbent agents. Competition sensitivity focuses on the newcomer as additional consumer and requires that some incumbents will suffer if competition is caused by a newcomer. Resource sensitivity focuses on the newcomer as additional resource and requires that this is beneficial for some incumbents. For solvable roommate markets, we provide the first characterizations of the core using either competition or resource sensitivity. On the domain of all roommate markets, we obtain two associated impossibility results.
Notes: "December 2008"--Publisher's web site.

Includes bibliographical references.