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The law of aggregate demand and welfare in the two-sided matching market

  • Kojima, Fuhito
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    In the college admission problem, we show that the student-optimal stable matching is weakly Pareto optimal for students if colleges' preferences satisfy substitutability and the law of aggregate demand. We also show that both of these properties are important for the result.

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    Article provided by Elsevier in its journal Economics Letters.

    Volume (Year): 99 (2008)
    Issue (Month): 3 (June)
    Pages: 581-584

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    Handle: RePEc:eee:ecolet:v:99:y:2008:i:3:p:581-584
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    1. Sönmez, Tayfun & Pathak, Parag A. & Abdulkadiroglu, Atila & Roth, Alvin, 2005. "The Boston Public School Match," Scholarly Articles 2562764, Harvard University Department of Economics.
    2. Pathak, Parag A. & Abdulkadiroglu, Atila & Roth, Alvin, 2005. "The New York City High School Match," Scholarly Articles 2562765, Harvard University Department of Economics.
    3. Atila Abdulkadiroglu & Tayfun Sönmez, 2003. "School Choice: A Mechanism Design Approach," American Economic Review, American Economic Association, vol. 93(3), pages 729-747, June.
    4. Balinski, Michel & Sonmez, Tayfun, 1999. "A Tale of Two Mechanisms: Student Placement," Journal of Economic Theory, Elsevier, vol. 84(1), pages 73-94, January.
    5. Atila Abdulkadiroğlu, 2005. "College admissions with affirmative action," International Journal of Game Theory, Springer, vol. 33(4), pages 535-549, November.
    6. Paul Milgrom, 2003. "Matching with Contracts," Working Papers 03003, Stanford University, Department of Economics.
    7. Tayfun Sönmez & M. Utku Ünver, 2010. "Course Bidding At Business Schools," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(1), pages 99-123, 02.
    8. Ruth Martínez & Jordi Massó & Alejdanro Neme & Jorge Oviedo, 2004. "On group strategy-proof mechanisms for a many-to-one matching model," International Journal of Game Theory, Springer, vol. 33(1), pages 115-128, January.
    9. 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.
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