Optimal Dynamic Matching
Optimal Dynamic Matching
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最优动态匹配
DOI:
10.2139/ssrn.2641670
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发表时间:
2015
期刊:
影响因子:
--
通讯作者:
Leeat Yariv
中科院分区:
文献类型:
--
作者:
Mariagiovanna Baccara;SangMok Lee;Leeat Yariv
We study a dynamic matching environment where individuals arrive sequentially. There is a trade‐off between waiting for a thicker market, allowing for higher‐quality matches, and minimizing agents' waiting costs. The optimal mechanism cumulates a stock of incongruent pairs up to a threshold and matches all others in an assortative fashion instantaneously. In discretionary settings, a similar protocol ensues in equilibrium, but expected queues are inefficiently long. We quantify the welfare gain from centralization, which can be substantial, even for low waiting costs. We also evaluate welfare improvements generated by alternative priority protocols.