Integrating Collective Codels and the Marriage Market: An Illustration
26 Pages Posted: 6 Jul 2016
Date Written: April 12, 2016
Abstract
In this paper, I show how the ITU framework developed recently by Galichon, Kominers and Weber (2016) can be used to integrate collective models to the marriage market. I set up a simple model with Cobb-Douglas utility functions, and show how it can be embedded in their matching framework. I show how important concepts such as the Pareto weights or the sharing rule are connected to this setting. Finally, I provide several numerical examples as well as comparative statics exercises to illustrate the properties of the model.
Keywords: Matching, Collective Models, ITU, Cobb Douglas, Marriage
Suggested Citation: Suggested Citation
Weber, Simon, Integrating Collective Codels and the Marriage Market: An Illustration (April 12, 2016). Available at SSRN: https://ssrn.com/abstract=2804701 or http://dx.doi.org/10.2139/ssrn.2804701
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