5 papers
Monotone Comparative Statics without Lattices
Yeon-Koo Che, Jinwoo Kim, Fuhito Kojima
The theory of Monotone Comparative Statics (MCS) has traditionally required a lattice structure, excluding certain multidimensional environments such as mixed-strategy games where…
Equal Pay for Similar Work
Diego GentilePassaro, Fuhito Kojima, Bobak Pakzad-Hurson
Equal pay laws increasingly require that workers doing "similar" work are paid equal wages within firm. We study such "equal pay for similar work" (EPSW) policies theoretically and…
The Walras-Bowley Lecture: Fragmentation of Matching Markets and How Economics Can Help Integrate Them
Yuichiro Kamada, Fuhito Kojima, Akira Matsushita
Fragmentation of matching markets is a ubiquitous problem across countries and across applications. In order to study the implications of fragmentation and possibilities for integr…
Bertrand Menu Competition
Fuhito Kojima, Bobak Pakzad-Hurson
We study a variation of the price competition model a la Bertrand, in which firms must offer menus of contracts that obey monotonicity constraints, e.g., wages that rise with worke…
Market Design with Distributional Objectives
Isa E. Hafalir, Fuhito Kojima, M. Bumin Yenmez +1
We provide optimal solutions to an institution that has distributional objectives when choosing from a set of applications based on merit (or priority). For example, in college adm…