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Matching games with partial information

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  • Laureti, Paolo
  • Zhang, Yi-Cheng

Abstract

We analyze different ways of pairing agents in a bipartite matching problem, with regard to its scaling properties and to the distribution of individual “satisfactions”. Then we explore the role of partial information and bounded rationality in a generalized Marriage Problem, comparing the benefits obtained by self-searching and by a matchmaker. Finally we propose a modified matching game intended to mimic the way consumers’ information makes firms to enhance the quality of their products in a competitive market.

Suggested Citation

  • Laureti, Paolo & Zhang, Yi-Cheng, 2003. "Matching games with partial information," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 324(1), pages 49-65.
  • Handle: RePEc:eee:phsmap:v:324:y:2003:i:1:p:49-65 DOI: 10.1016/S0378-4371(02)01953-2
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    References listed on IDEAS

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    1. Engle, Robert F. (ed.), 1995. "ARCH: Selected Readings," OUP Catalogue, Oxford University Press, number 9780198774327.
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    Cited by:

    1. Tilles, Paulo F.C. & Ferreira, Fernando F. & Francisco, Gerson & Pereira, Carlos de B. & Sarti, Flavia M., 2011. "A Markovian model market—Akerlof’s lemons and the asymmetry of information," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 390(13), pages 2562-2570.
    2. Shi, Gui-Yuan & Kong, Yi-Xiu & Liao, Hao & Zhang, Yi-Cheng, 2016. "Analysis of ground state in random bipartite matching," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 444(C), pages 397-402.

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