GENERALIZED CUMULATIVE OFFER PROCESSES

By Inácio Bó, Jörgen Kratz and Makoto Shimoji

Published in Review Economic Design

Abstract:

In the context of the matching-with-contracts model, we generalize the cumulative offer process to allow for arbitrary subsets of doctors to make proposals in each round. We show that, under a condition on the hospitals’ choice functions, the outcome of this generalized cumulative offer process is independent of the sets of doctors making proposals in each round. The flexibility of the resulting model allows it to be used to describe different dynamic processes and their final outcomes.