American Economic Journal:
Microeconomics
ISSN 1945-7669 (Print) | ISSN 1945-7685 (Online)
Cadet-Branch Matching in a Kelso-Crawford Economy
American Economic Journal: Microeconomics
vol. 11,
no. 3, August 2019
(pp. 191–224)
Abstract
Sonmez (2013) and Sonmez and Switzer (2013) used matching theory with unilaterally substitutable priorities to propose mechanisms to match cadets to military branches. This paper shows that, alternatively, the Sonmez and Sonmez-Switzer mechanisms can be constructed as descending salary adjustment processes in Kelso-Crawford (1982) economies in which cadets are (grossly) substitutable. The lengths of service contracts serve as (inverse) salaries. The underlying substitutability explains the unilateral substitutability of the priorities utilized by Sonmez and Sonmez-Switzer.Citation
Jagadeesan, Ravi. 2019. "Cadet-Branch Matching in a Kelso-Crawford Economy." American Economic Journal: Microeconomics, 11 (3): 191–224. DOI: 10.1257/mic.20170192Additional Materials
JEL Classification
- C78 Bargaining Theory; Matching Theory
- D82 Asymmetric and Private Information; Mechanism Design
- D86 Economics of Contract: Theory
- J31 Wage Level and Structure; Wage Differentials
- J45 Public Sector Labor Markets
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