Microeconomics Seminar 2020-2021
joint with the Département de sciences économiques, Université de Montréal
Organizer : Sean Horan (U. of Montreal)
* Invitation only. Please contact the organizer if you would like access.
RÉSUMÉ : The cumulative offer mechanism is a popular mechanism to solve matching problems with contracts where agents can be matched to institutions under different contractual terms. We provide axiomatizations of the cumulative offer mechanism for two different classes of choice functions (a) choice functions that satisfy observable substitutability and observable IRC, and (b) a natural subclass of (a) that contains all choice functions with a substitutable and size-monotonic completion.