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Contracts are not salaries in the hidden-substitutes domain

Economics Letters, (2019): 40-42

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Abstract

We show that many-to-one matching markets with contracts where colleges’ preferences satisfy the hidden substitutes condition of Hatfield and Kominers (2015) may not be embedded, in the sense of Echenique (2012) into a Kelso and Crawford(1982) matching-with-salaries market. Our proof relies on a configurations of preferences that is obser...More

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