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handle: 10261/45579
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.
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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
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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