IDEAS home Printed from https://ideas.repec.org/p/red/sed005/233.html
   My bibliography  Save this paper

A Theory of Stability in Many-to-Many Matching Markets

Author

Listed:
  • Jorge Oviedo
  • Federico Echenique

    (Caltech)

Abstract

We develop a theory of stability in many-to-many matching markets. We give conditions under which the setwise-stable set, a core-like concept, is nonempty and can be approached through an algorithm. The setwise-stable set coincides with the pairwise-stable set, and with the predictions of a non-cooperative bargaining model. The set-wise stable set possesses the canonical conflict/coincidence of interest properties from many-to-one, and one-to-one models. The theory parallels the standard theory of stability for many-to-one, and one-to-one, models. We provide results for a number of core-like solutions, besides the setwise-stable set.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Jorge Oviedo & Federico Echenique, 2005. "A Theory of Stability in Many-to-Many Matching Markets," 2005 Meeting Papers 233, Society for Economic Dynamics.
    • Handle: RePEc:red:sed005:233
    as

    Download full text from publisher

    File URL: https://www.red-files-public.s3.amazonaws.com/meetpapers/2005/paper_233.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Roth, Alvin E. & Sotomayor, Marilda, 1988. "Interior points in the core of two-sided matching markets," Journal of Economic Theory, Elsevier, vol. 45(1), pages 85-101, June.
    2. Klijn, Flip & Masso, Jordi, 2003. "Weak stability and a bargaining set for the marriage model," Games and Economic Behavior, Elsevier, vol. 42(1), pages 91-100, January.
    3. Hideo Konishi & M. Utku Ünver, 2003. "Credible Group Stability in Multi-Partner Matching Problems," Working Papers 2003.115, Fondazione Eni Enrico Mattei.
    4. Alcalde, Jose & Perez-Castrillo, David & Romero-Medina, Antonio, 1998. "Hiring Procedures to Implement Stable Allocations," Journal of Economic Theory, Elsevier, vol. 82(2), pages 469-480, October.
    5. Dutta, Bhaskar & Masso, Jordi, 1997. "Stability of Matchings When Individuals Have Preferences over Colleagues," Journal of Economic Theory, Elsevier, vol. 75(2), pages 464-475, August.
    6. Barbera, Salvador & Sonnenschein, Hugo & Zhou, Lin, 1991. "Voting by Committees," Econometrica, Econometric Society, vol. 59(3), pages 595-609, May.
    7. Tayfun Sönmez, 1994. "Strategy-proofness in many-to-one matching problems," Review of Economic Design, Springer;Society for Economic Design, vol. 1(1), pages 365-380, December.
    8. Barbera, Salvador & Sonnenschein, Hugo & Zhou, Lin, 1991. "Voting by Committees," Econometrica, Econometric Society, vol. 59(3), pages 595-609, May.
    9. Roth, Alvin E, 1984. "Stability and Polarization of Interests in Job Matching," Econometrica, Econometric Society, vol. 52(1), pages 47-57, January.
    10. John William Hatfield & Paul R. Milgrom, 2005. "Matching with Contracts," American Economic Review, American Economic Association, vol. 95(4), pages 913-935, September.
    11. Kelso, Alexander S, Jr & Crawford, Vincent P, 1982. "Job Matching, Coalition Formation, and Gross Substitutes," Econometrica, Econometric Society, vol. 50(6), pages 1483-1504, November.
    12. Echenique, Federico & Oviedo, Jorge, 2004. "Core many-to-one matchings by fixed-point methods," Journal of Economic Theory, Elsevier, vol. 115(2), pages 358-376, April.
    13. Ahmet Alkan, 2001. "original papers : On preferences over subsets and the lattice structure of stable matchings," Review of Economic Design, Springer;Society for Economic Design, vol. 6(1), pages 99-111.
    14. Charles Blair, 1988. "The Lattice Structure of the Set of Stable Matchings with Multiple Partners," Mathematics of Operations Research, INFORMS, vol. 13(4), pages 619-628, November.
    15. Alcalde, Jose & Romero-Medina, Antonio, 2000. "Simple Mechanisms to Implement the Core of College Admissions Problems," Games and Economic Behavior, Elsevier, vol. 31(2), pages 294-302, May.
    16. Adachi, Hiroyuki, 2000. "On a characterization of stable matchings," Economics Letters, Elsevier, vol. 68(1), pages 43-49, July.
    17. Tamás Fleiner, 2003. "A Fixed-Point Approach to Stable Matchings and Some Applications," Mathematics of Operations Research, INFORMS, vol. 28(1), pages 103-126, February.
    18. Sotomayor, Marilda, 1999. "Three remarks on the many-to-many stable matching problem," Mathematical Social Sciences, Elsevier, vol. 38(1), pages 55-70, July.
    19. 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.
    20. Zhou Lin, 1994. "A New Bargaining Set of an N-Person Game and Endogenous Coalition Formation," Games and Economic Behavior, Elsevier, vol. 6(3), pages 512-526, May.
    21. Elliott Peranson & Alvin E. Roth, 1999. "The Redesign of the Matching Market for American Physicians: Some Engineering Aspects of Economic Design," American Economic Review, American Economic Association, vol. 89(4), pages 748-780, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jiao, Zhenhua & Tian, Guoqiang, 2017. "The Blocking Lemma and strategy-proofness in many-to-many matchings," Games and Economic Behavior, Elsevier, vol. 102(C), pages 44-55.
    2. Jiao, Zhenhua & Tian, Guoqiang & Chen, Songqing & Yang, Fei, 2016. "The blocking lemma and group incentive compatibility for matching with contracts," Mathematical Social Sciences, Elsevier, vol. 82(C), pages 65-71.
    3. Martínez, Ruth & Massó, Jordi & Neme, Alejandro & Oviedo, Jorge, 2010. "The Blocking Lemma for a many-to-one matching model," Journal of Mathematical Economics, Elsevier, vol. 46(5), pages 937-949, September.
    4. 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.
    5. Alvin Roth, 2008. "Deferred acceptance algorithms: history, theory, practice, and open questions," International Journal of Game Theory, Springer;Game Theory Society, vol. 36(3), pages 537-569, March.
    6. Konishi, Hideo & Unver, M. Utku, 2006. "Credible group stability in many-to-many matching problems," Journal of Economic Theory, Elsevier, vol. 129(1), pages 57-80, July.
    7. John William Hatfield & Paul R. Milgrom, 2005. "Matching with Contracts," American Economic Review, American Economic Association, vol. 95(4), pages 913-935, September.
    8. Bonifacio, Agustín G. & Guiñazú, Nadia & Juarez, Noelia & Neme, Pablo & Oviedo, Jorge, 2022. "The lattice of worker-quasi-stable matchings," Games and Economic Behavior, Elsevier, vol. 135(C), pages 188-200.
    9. Klijn, Flip & Yazıcı, Ayşe, 2014. "A many-to-many ‘rural hospital theorem’," Journal of Mathematical Economics, Elsevier, vol. 54(C), pages 63-73.
    10. Juárez, Noelia & Neme, Pablo & Oviedo, Jorge, 2022. "Lattice structure of the random stable set in many-to-many matching markets," Games and Economic Behavior, Elsevier, vol. 132(C), pages 255-273.
    11. Kadam, Sangram V. & Kotowski, Maciej H., 2018. "Time horizons, lattice structures, and welfare in multi-period matching markets," Games and Economic Behavior, Elsevier, vol. 112(C), pages 1-20.
    12. Adachi, Hiroyuki, 2017. "Stable matchings and fixed points in trading networks: A note," Economics Letters, Elsevier, vol. 156(C), pages 65-67.
    13. Tam'as Fleiner & Zsuzsanna Jank'o & Akihisa Tamura & Alexander Teytelboym, 2015. "Trading Networks with Bilateral Contracts," Papers 1510.01210, arXiv.org, revised May 2018.
    14. Bando, Keisuke, 2014. "A modified deferred acceptance algorithm for many-to-one matching markets with externalities among firms," Journal of Mathematical Economics, Elsevier, vol. 52(C), pages 173-181.
    15. David Cantala, 2011. "Agreement toward stability in matching markets," Review of Economic Design, Springer;Society for Economic Design, vol. 15(4), pages 293-316, December.
    16. Schlegel, Jan Christoph, 2015. "Contracts versus salaries in matching: A general result," Journal of Economic Theory, Elsevier, vol. 159(PA), pages 552-573.
    17. Paula Jaramillo & Çaǧatay Kayı & Flip Klijn, 2014. "On the exhaustiveness of truncation and dropping strategies in many-to-many matching markets," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 42(4), pages 793-811, April.
    18. Echenique, Federico & Oviedo, Jorge, 2004. "Core many-to-one matchings by fixed-point methods," Journal of Economic Theory, Elsevier, vol. 115(2), pages 358-376, April.
    19. Bando, Keisuke, 2012. "Many-to-one matching markets with externalities among firms," Journal of Mathematical Economics, Elsevier, vol. 48(1), pages 14-20.
    20. Hatfield, John William & Kominers, Scott Duke, 2017. "Contract design and stability in many-to-many matching," Games and Economic Behavior, Elsevier, vol. 101(C), pages 78-97.

    More about this item

    Keywords

    Matching market; Core; Setwise stable set;
    All these keywords.

    JEL classification:

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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:red:sed005:233. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christian Zimmermann (email available below). General contact details of provider: https://edirc.repec.org/data/sedddea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.