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Lone wolves just got lonelier

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  • Peralta, Esteban

Abstract

This paper shows that, within familiar environments with transferable utilities, the set of unmatched agents is the same across all allocations that are stable in markets with one-sided incomplete information. The result does not hold in markets without transfers.

Suggested Citation

  • Peralta, Esteban, 2025. "Lone wolves just got lonelier," Games and Economic Behavior, Elsevier, vol. 152(C), pages 55-61.
    • Handle: RePEc:eee:gamebe:v:152:y:2025:i:c:p:55-61
    DOI: 10.1016/j.geb.2025.03.010
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    References listed on IDEAS

    as
    1. Peralta, Esteban, 2024. "Not all is lost: Sorting and self-stabilizing sets," Games and Economic Behavior, Elsevier, vol. 146(C), pages 51-58.
    2. Crawford, Vincent P & Knoer, Elsie Marie, 1981. "Job Matching with Heterogeneous Firms and Workers," Econometrica, Econometric Society, vol. 49(2), pages 437-450, March.
    3. Demange, Gabrielle & Gale, David, 1985. "The Strategy Structure of Two-sided Matching Markets," Econometrica, Econometric Society, vol. 53(4), pages 873-888, July.
    4. Roth, Alvin E., 1989. "Two-sided matching with incomplete information about others' preferences," Games and Economic Behavior, Elsevier, vol. 1(2), pages 191-209, June.
    5. Chakraborty, Archishman & Citanna, Alessandro & Ostrovsky, Michael, 2010. "Two-sided matching with interdependent values," Journal of Economic Theory, Elsevier, vol. 145(1), pages 85-105, January.
    6. Ehlers, Lars & Masso, Jordi, 2007. "Incomplete information and singleton cores in matching markets," Journal of Economic Theory, Elsevier, vol. 136(1), pages 587-600, September.
    7. Roth, Alvin E, 1986. "On the Allocation of Residents to Rural Hospitals: A General Property of Two-Sided Matching Markets," Econometrica, Econometric Society, vol. 54(2), pages 425-427, March.
    8. John William Hatfield & Ravi Jagadeesan & Scott Duke Kominers, 2020. "Matching in Networks with Bilateral Contracts: Corrigendum," American Economic Journal: Microeconomics, American Economic Association, vol. 12(3), pages 277-285, August.
    9. Yi-Chun Chen & Gaoji Hu, 2023. "A Theory of Stability in Matching with Incomplete Information," American Economic Journal: Microeconomics, American Economic Association, vol. 15(1), pages 288-322, February.
    10. Jagadeesan, Ravi & Kominers, Scott Duke & Rheingans-Yoo, Ross, 2018. "Strategy-proofness of worker-optimal matching with continuously transferable utility," Games and Economic Behavior, Elsevier, vol. 108(C), pages 287-294.
    11. Pomatto, Luciano, 2022. "Stable matching under forward-induction reasoning," Theoretical Economics, Econometric Society, vol. 17(4), November.
    12. Yuichiro Kamada & Fuhito Kojima, 2012. "Stability and Strategy-Proofness for Matching with Constraints: A Problem in the Japanese Medical Match and Its Solution," American Economic Review, American Economic Association, vol. 102(3), pages 366-370, May.
    13. John William Hatfield & Paul R. Milgrom, 2005. "Matching with Contracts," American Economic Review, American Economic Association, vol. 95(4), pages 913-935, September.
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    15. Emiliya Lazarova & Dinko Dimitrov, 2017. "Paths to stability in two-sided matching under uncertainty," International Journal of Game Theory, Springer;Game Theory Society, vol. 46(1), pages 29-49, March.
    16. Hatfield, John William & Kojima, Fuhito, 2010. "Substitutes and stability for matching with contracts," Journal of Economic Theory, Elsevier, vol. 145(5), pages 1704-1723, September.
    17. Qingmin Liu, 2020. "Stability and Bayesian Consistency in Two-Sided Markets," American Economic Review, American Economic Association, vol. 110(8), pages 2625-2666, August.
    18. Chen, Yi-Chun & Hu, Gaoji, 2024. "Bayesian stable states," Games and Economic Behavior, Elsevier, vol. 145(C), pages 102-116.
    19. Robert Wilson, 2005. "Information, efficiency, and the core of an economy," Studies in Economic Theory, in: Dionysius Glycopantis & Nicholas C. Yannelis (ed.), Differential Information Economies, pages 55-64, Springer.
    20. Chen, Yi-Chun & Hu, Gaoji, 2020. "Learning by matching," Theoretical Economics, Econometric Society, vol. 15(1), January.
    21. 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.
    22. Alston, Max, 2020. "On the non-existence of stable matches with incomplete information," Games and Economic Behavior, Elsevier, vol. 120(C), pages 336-344.
    23. Dutta, Bhaskar & Vohra, Rajiv, 2005. "Incomplete information, credibility and the core," Mathematical Social Sciences, Elsevier, vol. 50(2), pages 148-165, September.
    24. Ravi Jagadeesan & Scott Duke Kominers & Ross Rheingans-Yoo, 2020. "Lone wolves in competitive equilibria," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 55(2), pages 215-228, August.
    25. Ehlers, Lars & Massó, Jordi, 2015. "Matching markets under (in)complete information," Journal of Economic Theory, Elsevier, vol. 157(C), pages 295-314.
    26. M. Bumin Yenmez, 2013. "Incentive-Compatible Matching Mechanisms: Consistency with Various Stability Notions," American Economic Journal: Microeconomics, American Economic Association, vol. 5(4), pages 120-141, November.
    27. Bikhchandani, Sushil, 2017. "Stability with one-sided incomplete information," Journal of Economic Theory, Elsevier, vol. 168(C), pages 372-399.
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    Cited by:

    1. Kaibalyapati Mishra, 2025. "Information-Credible Stability in Matching with Incomplete Information," Papers 2510.22750, arXiv.org.

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