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Stable Matching With Incomplete Information

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  • Qingmin Liu
  • George J. Mailath
  • Andrew Postlewaite
  • Larry Samuelson

Abstract

We formulate a notion of stable outcomes in matching problems with one‐sided asymmetric information. The key conceptual problem is to formulate a notion of a blocking pair that takes account of the inferences that the uninformed agent might make. We show that the set of stable outcomes is nonempty in incomplete‐information environments, and is a superset of the set of complete‐information stable outcomes. We then provide sufficient conditions for incomplete‐information stable matchings to be efficient. Lastly, we define a notion of price‐sustainable allocations and show that the set of incomplete‐information stable matchings is a subset of the set of such allocations.

Suggested Citation

  • Qingmin Liu & George J. Mailath & Andrew Postlewaite & Larry Samuelson, 2014. "Stable Matching With Incomplete Information," Econometrica, Econometric Society, vol. 82(2), pages 541-587, March.
    • Handle: RePEc:wly:emetrp:v:82:y:2014:i:2:p:541-587
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    File URL: http://hdl.handle.net/10.1111/ecta.2014.82.issue-2.x
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