We give a simple and concise proof that so-called generalized median stable matchings are well-defined stable matchings for college admissions problems. Furthermore, we discuss the fairness properties of median stable matchings and conclude with two illustrative examples of college admissions markets, the lattices of stable matchings, and the corresponding generalized median stable matchings.
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Paper provided by Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) in its series UFAE and IAE Working Papers with number
632.04.
Find related papers by JEL classification: C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
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Michael Schwarz & M. Bumin Yenmez, 2009.
"Median Stable Matching,"
NBER Working Papers
14689, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Bettina Klaus & Flip Klijn, 2007.
"Smith and Rawls Share a Room,"
UFAE and IAE Working Papers
706.07, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
[Downloadable!]
Other versions:
Klaus, Bettina & Klijn, Flip, 2007.
"Smith and Rawls Share a Room,"
Research Memoranda
026, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
[Downloadable!]