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A Measure to compare Matchings in Marriage Markets

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  • Florian M. Biermann

Abstract

In matching markets the number of blocking pairs is often used as a criterion to compare matchings. We argue that this criterion is lacking an economic interpretation: In many circumstances it will neither reflect the expected extent of partner changes, nor will it capture the satisfaction of the players with the matching. As an alternative, we set up two principles which single out a particularly "disruptive" subcollection of blocking pairs. We propose to take the cardinality of that subset as a measure to compare matchings. This cardinality has an economic interpretation: The subset is a justified objection against the given matching according to a bargaining set characterization of the set of stable matchings. We prove multiple properties relevant for a workable measure of comparison. Keywords: Stable marriage problem, Matching, Blocking pair, Instability, Matching comparison, Decentralized market, Bargaining set

Suggested Citation

  • Florian M. Biermann, 2011. "A Measure to compare Matchings in Marriage Markets," Discussion Paper Series dp575, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    • Handle: RePEc:huj:dispap:dp575
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    Cited by:

    1. Péter Biró & Flip Klijn, 2013. "Matching With Couples: A Multidisciplinary Survey," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 15(02), pages 1-18.
    2. Péter Biró & Elena Inarra & Elena Molis, 2014. "A new solution for the roommate problem: The Q-stable matchings," CERS-IE WORKING PAPERS 1422, Institute of Economics, Centre for Economic and Regional Studies.

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    More about this item

    Keywords

    stable marriage problem; matching; blocking pair; instability; matching comparison; decentralized market; bargaining set;
    All these keywords.

    JEL classification:

    • C0 - Mathematical and Quantitative Methods - - General

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