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Pairing Games and Markets

Author

Listed:
  • Ahmet Alkan

    (Sabanci University, Istanbul)

  • Alparslan Tuncay

    (Sabanci University, Istanbul)

Abstract

Pairing Games or Markets studied here are the non-two-sided NTU generalization of assignment games. We show that the Equilibrium Set is nonempty, that it is the set of stable allocations or the set of semistable allocations, and that it has several notable structural properties. We also introduce the solution concept of pseudostable allocations and show that they are in the Demand Bargaining Set. We give a dynamic Market Procedure that reaches the Equilibrium Set in a bounded number of steps. We use elementary tools of graph theory and a representation theorem obtained here.

Suggested Citation

  • Ahmet Alkan & Alparslan Tuncay, 2014. "Pairing Games and Markets," Working Papers 2014.48, Fondazione Eni Enrico Mattei.
  • Handle: RePEc:fem:femwpa:2014.48
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    File URL: https://www.feem.it/m/publications_pages/NDL2014-048.pdf
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    References listed on IDEAS

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    Cited by:

    1. Andersson, T. & Erlanson, A. & Gudmundsson, J. & Habis, H. & Ingebretsen Carlson, J. & Kratz, J., 2014. "A method for finding the maximal set in excess demand," Economics Letters, Elsevier, vol. 125(1), pages 18-20.
    2. Jens Gudmundsson, 2014. "Sequences in Pairing Problems: A new approach to reconcile stability with strategy-proofness for elementary matching problems," 2014 Papers pgu351, Job Market Papers.
    3. Manjunath, Vikram, 2016. "Fractional matching markets," Games and Economic Behavior, Elsevier, vol. 100(C), pages 321-336.

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    More about this item

    Keywords

    Stable Matching; Competitive Equilibrium; Market Design; NTU Assignment Game; Roommate Problem; Coalition Formation; Bargaining Set; Bilateral Transaction; Gallai Edmonds Decomposition;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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