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"Fair marriages": An impossibility

  • Klaus, Bettina

For marriage markets [Gale, D. and Shapley, L.S., 1962, College admissions and the stability of marriage, American Mathematical Monthly 69, 9-15.] so-called fair matchings do not always exist. We show that restoring fairness by using monetary transfers is not always possible: there are marriage markets where no amount of money can guarantee the existence of a fair allocation.

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File URL: http://www.sciencedirect.com/science/article/B6V84-4WK43N5-1/2/d5604e8d2d7c563a3d4437286a0ca0d3
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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 105 (2009)
Issue (Month): 1 (October)
Pages: 74-75

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Handle: RePEc:eee:ecolet:v:105:y:2009:i:1:p:74-75
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  1. H. R. Varian, 1973. "Equity, Envy and Efficiency," Working papers 115, Massachusetts Institute of Technology (MIT), Department of Economics.
  2. Alkan, Ahmet & Demange, Gabrielle & Gale, David, 1991. "Fair Allocation of Indivisible Goods and Criteria of Justice," Econometrica, Econometric Society, vol. 59(4), pages 1023-39, July.
  3. Svensson, Lars-Gunnar, 1983. "Large Indivisibles: An Analysis with Respect to Price Equilibrium and Fairness," Econometrica, Econometric Society, vol. 51(4), pages 939-54, July.
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