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Smith and Rawls share a room

Author

Listed:
  • Klaus, B.E.

    (Microeconomics & Public Economics)

  • Klijn, F.

    (Externe publicaties SBE)

Abstract

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Klaus, B.E. & Klijn, F., 2007. "Smith and Rawls share a room," Research Memorandum 026, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  • Handle: RePEc:unm:umamet:2007026
    DOI: 10.26481/umamet.2007026
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    File URL: https://cris.maastrichtuniversity.nl/ws/files/1542254/guid-344d336c-12fc-464f-9d84-17591be580fe-ASSET1.0.pdf
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    Cited by:

    1. Iñarra García, María Elena & Larrea Jaurrieta, María Concepción & Molis Bañales, Elena, 2007. "The Stability of the Roommate Problem Revisited," IKERLANAK 2007-30, Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I.
    2. Klaus, Bettina & Klijn, Flip & Walzl, Markus, 2010. "Stochastic stability for roommate markets," Journal of Economic Theory, Elsevier, vol. 145(6), pages 2218-2240, November.
    3. Bettina Klaus & Flip Klijn & Markus Walzl, 2011. "Farsighted Stability for Roommate Markets," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 13(6), pages 921-933, December.
    4. repec:spo:wpmain:info:hdl:2441/3sd5loegec9d3o795888da61tp is not listed on IDEAS

    More about this item

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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