eprintid: 3875
rev_number: 6
eprint_status: archive
userid: 69
dir: disk0/00/00/38/75
datestamp: 2018-01-24 11:05:08
lastmod: 2018-01-24 11:05:08
status_changed: 2018-01-24 11:05:08
type: article
metadata_visibility: show
creators_name: Bilancini, Ennio
creators_name: Boncinelli, Leonardo
creators_id: ennio.bilancini@imtlucca.it
creators_id: 
title: Instrumental cardinal concerns for social status in two-sided matching with non-transferable utility
ispublished: pub
subjects: HB
subjects: HC
divisions: EIC
full_text_status: none
keywords: Asymmetric information; Matching; Social preferences; Instrumental approach; Social status
abstract: In this paper we apply the instrumental approach to social preferences in order to distinguish among various shapes of preferences for social status. In particular, we consider the shape of reduced preferences that emerge in the equilibrium of a two-sided matching model with non-transferable utility. Cole et al., 1992 and Cole et al., 1995 show that, under full observability of potential mates׳ attributes, instrumental concerns for social status are ordinal, i.e., only one׳s own rank in the distribution of attributes matters. We show that when we depart from full observability, instrumental concerns for social status become cardinal, i.e., also other features of the distribution of attributes matter. We also show that the actual shape of cardinal concerns depends on how individuals can deal with the informational asymmetry, alternatively leading to upward concerns, i.e., making comparisons with higher rank people; downward concerns, i.e., making comparisons with lower rank people; or bidirectional concerns, i.e, being both upward and downward.
date: 2014
date_type: published
publication: European Economic Review
volume: 67
publisher: Elsevier
pagerange: 174-189
id_number: doi: 10.1016/j.euroecorev.2014.02.002
refereed: TRUE
issn: 0014-2921
official_url: https://doi.org/10.1016/j.euroecorev.2014.02.002
citation:   Bilancini, Ennio and Boncinelli, Leonardo  Instrumental cardinal concerns for social status in two-sided matching with non-transferable utility.  European Economic Review, 67.  pp. 174-189.  ISSN 0014-2921      (2014)