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Some remarks on the modeling of discrete matching markets

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  • Marilda Sotomayor

    (EPGE Brazilian School of Economics and Finance
    University of São Paulo)

Abstract

This paper shows that the college admissions model with responsive preferences is not always satisfactory for representing real college admissions markets. Simple examples are used to illustrate real situations, in which the knowledge of the preferences of the institutions over all possible assignments of candidates is necessary for the analysis of relevant problems for the markets under consideration.

Suggested Citation

  • Marilda Sotomayor, 2022. "Some remarks on the modeling of discrete matching markets," International Journal of Game Theory, Springer;Game Theory Society, vol. 51(1), pages 155-167, March.
    • Handle: RePEc:spr:jogath:v:51:y:2022:i:1:d:10.1007_s00182-021-00788-8
    DOI: 10.1007/s00182-021-00788-8
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    References listed on IDEAS

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    1. Fuhito Kojima & Parag A. Pathak, 2009. "Incentives and Stability in Large Two-Sided Matching Markets," American Economic Review, American Economic Association, vol. 99(3), pages 608-627, June.
    2. Roth, Alvin E, 1984. "Stability and Polarization of Interests in Job Matching," Econometrica, Econometric Society, vol. 52(1), pages 47-57, January.
    3. John William Hatfield & Paul R. Milgrom, 2005. "Matching with Contracts," American Economic Review, American Economic Association, vol. 95(4), pages 913-935, September.
    4. Marilda Sotomayor, 2012. "A further note on the college admission game," International Journal of Game Theory, Springer;Game Theory Society, vol. 41(1), pages 179-193, February.
    5. 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.
    6. Kelso, Alexander S, Jr & Crawford, Vincent P, 1982. "Job Matching, Coalition Formation, and Gross Substitutes," Econometrica, Econometric Society, vol. 50(6), pages 1483-1504, November.
    7. Roth, Alvin E & Sotomayor, Marilda, 1989. "The College Admissions Problem Revisited," Econometrica, Econometric Society, vol. 57(3), pages 559-570, May.
    8. Hatfield, John William & Kojima, Fuhito, 2010. "Substitutes and stability for matching with contracts," Journal of Economic Theory, Elsevier, vol. 145(5), pages 1704-1723, September.
    9. Sotomayor, Marilda, 1999. "Three remarks on the many-to-many stable matching problem," Mathematical Social Sciences, Elsevier, vol. 38(1), pages 55-70, July.
    10. Alvin E. Roth, 1982. "The Economics of Matching: Stability and Incentives," Mathematics of Operations Research, INFORMS, vol. 7(4), pages 617-628, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Cooperative equilibrium; Stability; Matching; Pairwise-stability; Choice-function;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation

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