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- W4387079660 abstract "I study a two-sided market of dynamic matching with sequential arrivals. Agents trade off waiting to match with a more desirable agent with immediately matching with a less desirable agent. I study the consequences of transfer availability for two protocols: first-in-first-out (FIFO) and last-in-first-out (LIFO). For FIFO, welfare is weakly greater with transfers than without. For LIFO, there is a range of waiting costs such that welfare is weakly lower with transfers than without. For sufficiently low waiting costs, the equilibrium welfare for FIFO with transfers remains strictly lower than socially optimal. Thus, unlike in a static matching setting, transfers in my dynamic matching setting do not generate utilitarian efficient outcomes." @default.
- W4387079660 created "2023-09-28" @default.
- W4387079660 creator A5086461855 @default.
- W4387079660 date "2023-12-01" @default.
- W4387079660 modified "2023-10-18" @default.
- W4387079660 title "Dynamic Matching with Transfers" @default.
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- W4387079660 doi "https://doi.org/10.1016/j.econlet.2023.111366" @default.
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