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Paths to stability for matching markets with couples

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  • Klaus, Bettina
  • Klijn, Flip

Abstract

We study two-sided matching markets with couples and show that for a natural preference domain for couples, the domain of weakly responsive preferences, stable outcomes can always be reached by means of decentralized decision making. Starting from an arbitrary matching, we construct a path of matchings obtained from `satisfying' blocking coalitions that yields a stable matching. Hence, we establish a generalization of Roth and Vande Vate's (1990) result on path convergence to stability for decentralized singles markets. Furthermore, we show that when stable matchings exist, but preferences are not weakly responsive, for some initial matchings there may not exist any path obtained from `satisfying' blocking coalitions that yields a stable matching.

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Bibliographic Info

Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 58 (2007)
Issue (Month): 1 (January)
Pages: 154-171

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Handle: RePEc:eee:gamebe:v:58:y:2007:i:1:p:154-171

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Web page: http://www.elsevier.com/locate/inca/622836

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  1. Roth, Alvin E, 1984. "The Evolution of the Labor Market for Medical Interns and Residents: A Case Study in Game Theory," Journal of Political Economy, University of Chicago Press, vol. 92(6), pages 991-1016, December.
  2. Effrosyni Diamantoudi & Eiichi Miyagawa & Licun Xue, 2002. "Random paths to stability in the roommate problem," Discussion Papers 0102-65, Columbia University, Department of Economics.
  3. Bettina Klaus & Flip Klijn & Jordi Massó, 2003. "Some Things Couples always wanted to know about stable matchings (but were afraid to ask)," Working Papers 78, Barcelona Graduate School of Economics.
  4. Ma, Jinpeng, 1996. "On Randomized Matching Mechanisms," Economic Theory, Springer, vol. 8(2), pages 377-81, August.
  5. Bettina Klaus & Flip Klijn, 2004. "Stable Matchings and Preferences of Couples," Working Papers 117, Barcelona Graduate School of Economics.
  6. Bettina Klaus & Flip Klijn, 2005. "Corrigendum: Stable Matchings and Preferences of Couples," UFAE and IAE Working Papers 653.05, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  7. Alvin E. Roth & Elliott Peranson, 1999. "The Redesign of the Matching Market for American Physicians: Some Engineering Aspects of Economic Design," NBER Working Papers 6963, National Bureau of Economic Research, Inc.
  8. Alvin E. Roth, 2002. "The Economist as Engineer: Game Theory, Experimentation, and Computation as Tools for Design Economics," Econometrica, Econometric Society, vol. 70(4), pages 1341-1378, July.
  9. Roth, Alvin E & Vande Vate, John H, 1990. "Random Paths to Stability in Two-Sided Matching," Econometrica, Econometric Society, vol. 58(6), pages 1475-80, November.
  10. Roth, Alvin E., 1985. "The college admissions problem is not equivalent to the marriage problem," Journal of Economic Theory, Elsevier, vol. 36(2), pages 277-288, August.
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