2020
DOI: 10.1016/j.geb.2020.01.009
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Essentially stable matchings

Abstract: We propose a solution to the conflict between fairness and efficiency in one-sided matching markets. A matching is essentially stable if any priority-based claim initiates a chain of reassignments that results in the initial claimant losing the object. We show that an essentially stable and Pareto efficient matching always exists and that Kesten's (2010) EADA mechanism always selects one while other common Pareto efficient mechanisms do not. Additionally, we show that there exists a student-pessimal essentiall… Show more

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Cited by 39 publications
(15 citation statements)
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“…In settings without transfers, in addition to Gibbard (1973Gibbard ( , 1977 and Satterthwaite (1975) and the allocation papers mentioned above, the literature on mechanisms satisfying these key objectives includes Pápai (2000), Ehlers (2002) and Pycia and Unver (2020; who characterized efficient and group strategy-proof mechanisms in settings with single-unit demand, and Pápai (2001) and Hatfield (2009) who provided such characterizations for settings with multi-unit demand. 14 Liu and Pycia (2011), Pycia (2011), Morrill (2014, Hakimov and Kesten (2014), Ehlers and Morrill (2017), and Troyan et al (2020) characterize mechanisms that satisfy incentive, efficiency, and fairness objectives.…”
Section: Introductionmentioning
confidence: 99%
“…In settings without transfers, in addition to Gibbard (1973Gibbard ( , 1977 and Satterthwaite (1975) and the allocation papers mentioned above, the literature on mechanisms satisfying these key objectives includes Pápai (2000), Ehlers (2002) and Pycia and Unver (2020; who characterized efficient and group strategy-proof mechanisms in settings with single-unit demand, and Pápai (2001) and Hatfield (2009) who provided such characterizations for settings with multi-unit demand. 14 Liu and Pycia (2011), Pycia (2011), Morrill (2014, Hakimov and Kesten (2014), Ehlers and Morrill (2017), and Troyan et al (2020) characterize mechanisms that satisfy incentive, efficiency, and fairness objectives.…”
Section: Introductionmentioning
confidence: 99%
“…6 See Section 4 for a definition of an improvement cycle 7 Dogan and Yenmez (2020), Dur et al (2019), Ehlers and Morrill (2020), Kwon and Shorrer (2019), Tang and Zhang (2020), and Troyan et al (2020) provide different other justifications for EADA. school choice mechanisms are compared in terms of their manipulability by comparing the sets of problems, in the set inclusion sense, at which they are manipulable.…”
Section: Introductionmentioning
confidence: 99%
“…They show that the SOSM is the only stable‐dominating and strategy‐proof rule. Troyan et al () and Morrill () focus on the alternative ways to improve efficiency by relaxing the fairness constraint. In particular, under the Morrill () definition of fairness , a student i 's priority at school s needs to be respected only if there exists a textitlegitimate matching in which i is assigned to s .…”
Section: Introductionmentioning
confidence: 99%
“…He shows that there is a unique legitimate set of matchings and a unique Pareto efficient and legitimate matching which corresponds to EADAM's outcome when all students consent. According to Troyan et al (), a matching is essentially stable if any objection of student i to her priority violation at school s initiates a rejection chain that results in her rejection from s . They show that the EADAM produces an essentially stable matching.…”
Section: Introductionmentioning
confidence: 99%