Economics, Econometrics and Finance
4 years ago

Decentralised job matching leads to worker-optimal outcomes in job market

SSRN Electronic Journal
Decentralised Job Matching
Guillaume Haeringer, Myrna Wooders

Paper Summary

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The article explores how academic departments and Ph.D. candidates match for positions in a decentralized job market. Candidates receive offers sequentially and decide whether to accept them. The study looks at different scenarios where actions are simultaneous or irreversible. The research shows that while all Nash equilibria outcomes are individually rational, most subgame perfect equilibria result in a unique worker-optimal matching.