New scholarly article by Ágnes Cseh and other experts published in American Economic Journal: Microeconomics

02/11/2021 | 10:24
New scholarly article by Ágnes Cseh and other experts published in American Economic Journal: Microeconomics

February 2021 (Vol. 13, No.1, (pp. 338-73)

Organizing Time Exchanges: Lessons from Matching Markets

Tommy Andersson, Ágnes Cseh, Lars Ehlers and Albin Erlanson

 

Abstract

This paper considers time exchanges via a common platform (e.g., markets for exchanging time units, positions at education institutions, and tuition waivers). There are several problems associated with such markets, e.g., imbalanced outcomes, coordination problems, and inefficiencies. We model time exchanges as matching markets and construct a non-manipulable mechanism that selects an individually rational and balanced allocation that maximizes exchanges among the participating agents (and those allocations are efficient). This mechanism works on a preference domain whereby agents classify the goods provided by other participating agents as either unacceptable or acceptable, and for goods classified as acceptable, agents have specific upper quotas representing their maximum needs.

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