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Cadet-Branch Matching in a Kelso-Crawford Economy†

Cadet-Branch Matching in a Kelso-Crawford Economy† AbstractSönmez (2013) and Sönmez and Switzer (2013) used matching theory with unilaterally substitutable priorities to propose mechanisms to match cadets to military branches. This paper shows that, alternatively, the Sönmez and Sönmez–Switzer mechanisms can be constructed as descending salary adjustment processes in Kelso-Crawford (1982) economies in which cadets are (grossly) substitutable. The lengths of service contracts serve as (inverse) salaries. The underlying substitutability explains the unilateral substitutability of the priorities utilized by Sönmez and Sönmez-Switzer. (JEL C78, D82, D86, J31, J45) http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Economic Journal: Microeconomics American Economic Association

Cadet-Branch Matching in a Kelso-Crawford Economy†

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Publisher
American Economic Association
Copyright
Copyright © 2019 © American Economic Association
ISSN
1945-7685
DOI
10.1257/mic.20170192
Publisher site
See Article on Publisher Site

Abstract

AbstractSönmez (2013) and Sönmez and Switzer (2013) used matching theory with unilaterally substitutable priorities to propose mechanisms to match cadets to military branches. This paper shows that, alternatively, the Sönmez and Sönmez–Switzer mechanisms can be constructed as descending salary adjustment processes in Kelso-Crawford (1982) economies in which cadets are (grossly) substitutable. The lengths of service contracts serve as (inverse) salaries. The underlying substitutability explains the unilateral substitutability of the priorities utilized by Sönmez and Sönmez-Switzer. (JEL C78, D82, D86, J31, J45)

Journal

American Economic Journal: MicroeconomicsAmerican Economic Association

Published: Aug 1, 2019

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