We develop a general procedure to construct pairwise meeting processes characterized by two features. First, in each period the process maximizes the number of matches in the population. Second, over time agents meet everybody else exactly once. We call this type of meetings "absolute strangers." Our methodological contribution to economics is to offer a simple procedure to construct a type of decentralized trading environments usually employed in both theoretical and experimental economics. In particular, we demonstrate how to make use of the mathematics of Latin squares to enrich the modeling of matching economies..
Bilateral matching with Latin squares / Aliprantis, C.D.*; Camera, G.; Puzzello, D.. - In: JOURNAL OF MATHEMATICAL ECONOMICS. - ISSN 0304-4068. - STAMPA. - 43:2(2007), pp. 99-114. [10.1016/j.jmateco.2006.10.001]
Bilateral matching with Latin squares
Camera, G.
;
2007
Abstract
We develop a general procedure to construct pairwise meeting processes characterized by two features. First, in each period the process maximizes the number of matches in the population. Second, over time agents meet everybody else exactly once. We call this type of meetings "absolute strangers." Our methodological contribution to economics is to offer a simple procedure to construct a type of decentralized trading environments usually employed in both theoretical and experimental economics. In particular, we demonstrate how to make use of the mathematics of Latin squares to enrich the modeling of matching economies..I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
