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https://dx.doi.org/10.48550/ar...
Article . 2016
License: arXiv Non-Exclusive Distribution
Data sources: Datacite
DBLP
Article . 2020
Data sources: DBLP
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Dynamic Matching and Allocation of Tasks

Authors: Kartik Ahuja; Mihaela van der Schaar;

Dynamic Matching and Allocation of Tasks

Abstract

In many two-sided markets, the parties to be matched have incomplete information about their characteristics. We consider the settings where the parties engaged are extremely patient and are interested in long-term partnerships. Hence, once the final matches are determined, they persist for a long time. Each side has an opportunity to learn (some) relevant information about the other before final matches are made. For instance, clients seeking workers to perform tasks often conduct interviews that require the workers to perform some tasks and thereby provide information to both sides. The performance of a worker in such an interview- and hence the information revealed—depends both on the inherent characteristics of the worker and the task and also on the actions taken by the worker (e.g., the effort expended), which are not observed by the client. Thus, there is moral hazard. Our goal is to derive a dynamic matching mechanism that facilitates learning on both sides before final matches are achieved and ensures that the worker side does not have incentive to obscure learning of their characteristics through their actions. We derive such a mechanism that leads to final matching that achieves optimal performance (revenue) in equilibrium. We show that the equilibrium strategy is long-run coalitionally stable, which means there is no subset of workers and clients that can gain by deviating from the equilibrium strategy. We derive all the results under the modeling assumption that the utilities of the agents are defined as limit of means of the utility obtained in each interaction.

Keywords

FOS: Computer and information sciences, Computer Science - Computer Science and Game Theory, Computer Science and Game Theory (cs.GT)

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
Green
bronze