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Journal of Economic Theory
Article . 2010 . Peer-reviewed
License: Elsevier TDM
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Article . 2010
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Stochastic stability for roommate markets

Authors: Bettina Klaus; Flip Klijn; Markus Walzl;

Stochastic stability for roommate markets

Abstract

We show that for any roommate market the set of stochastically stable matchings coincides with the set of absorbing matchings. This implies that whenever the core is non-empty (e.g., for marriage markets), a matching is in the core if and only if it is stochastically stable, i.e., stochastic stability is a characteristic of the core. Several solution concepts have been proposed to extend the core to all roommate markets (including those with an empty core). An important implication of our results is that the set of absorbing matchings is the only solution concept that is core consistent and shares the stochastic stability characteristic with the core.

F. Klijn’s research was supported through the Spanish Plan Nacional I+D+I (SEJ2005-01690), the Generalitat de Catalunya (Barcelona Economics Program of XREA), and the Consolider-Ingenio 2010 (CSD2006-00016) program.

El pdf del artículo es el documento de trabajo.

Country
Netherlands
Keywords

core, (pairwise) stability, roommate markets, stochastic stability, Matching models, Stochastic models in economics, Roommate markets, core, Pairwise stability, Stochastic stability, (pairwise) stability, stochastic stability, Core, roommate markets, jel: jel:C71, jel: jel:C62, jel: jel:C78

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selected citations
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This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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