Smith and Rawls Share a Room
We consider one-to-one matching (roommate) problems in which agents (students) can either be matched as pairs or remain single. The aim of this paper is twofold. First, we review a key result for roommate problems (the "lonely wolf" theorem) for which we provide a concise and elementary proof. Second, and related to the title of this paper, we show how the often incompatible concepts of stability (represented by the political economist Adam Smith) and fairness (represented by the political philosopher John Rawls) can be reconciled for roommate problems.
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- Bettina Klaus & Flip Klijn, 2006.
"Median Stable Matching for College Admissions,"
International Journal of Game Theory,
Springer, vol. 34(1), pages 1-11, April.
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- Bettina Klaus & Flip Klijn, 2004. "Median Stable Matching for College Admission," Working Papers 165, Barcelona Graduate School of Economics.
- Roth, Alvin E. & Sotomayor, Marilda, 1992. "Two-sided matching," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 16, pages 485-541 Elsevier.
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- Martinez, Ruth & Masso, Jordi & Neme, Alejandro & Oviedo, Jorge, 2000. "Single Agents and the Set of Many-to-One Stable Matchings," Journal of Economic Theory, Elsevier, vol. 91(1), pages 91-105, March.
- Diamantoudi, Effrosyni & Miyagawa, Eiichi & Xue, Licun, 2004.
"Random paths to stability in the roommate problem,"
Games and Economic Behavior,
Elsevier, vol. 48(1), pages 18-28, July.
- Chung, Kim-Sau, 2000. "On the Existence of Stable Roommate Matchings," Games and Economic Behavior, Elsevier, vol. 33(2), pages 206-230, November.
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