Weekly Economics Seminar by Albin Erlanson
January 22 @ 1:30 pm - 2:40 pm
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Title: Organizing Time Exchanges: Lessons from Matching Markets
Speaker: Albin Erlanson, Assistant Professor, University of Essex
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 which 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.