Matching networks have useful applications in transforming voltages and impedances in resonant inverters and dc-dc converters. Stacking multiple stages of matching networks can, in some cases, increase the efficiency because each stage is responsible for smaller transformation, but it also reduces the available inductor volume for each stage which can increase the loss.
At COMPEL 2017, we presented a paper (link for pdf) on optimization of matching networks with volume constraints to determine the optimum number of stages and other design choices for various transformation ratios, volumes and impedances. Adding the volume constraint to the typical matching network design process helps provide a better perspective on the number of stages that should be used. Simple design rules for designing matching networks, with a constraint on the available volume, are presented for voltage transformation ratios lower than 20.