2009
DOI: 10.1145/1598780.1598788
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Uncoordinated two-sided matching markets

Abstract: Various economic interactions can be modeled as two-sided matching markets. A central solution concept to these markets are stable matchings, introduced by Gale and Shapley. It is well known that stable matchings can be computed in polynomial time, but many real-life markets lack a central authority to match agents. In those markets, matchings are formed by actions of selfinterested agents, whose behavior is often modeled by Nash dynamics such as best and better response dynamics. In this note, we summarize re… Show more

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Cited by 18 publications
(51 citation statements)
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“…In Section 2 we concentrate on stable matching with correlated preferences, in which each matched pair generates a single number that represents the utility of the match to both agents. Blocking pair dynamics in stable matching with correlated preferences give rise to a lexicographical potential function [1,2]. In Section 2.1 we present a general approach on coalition formation games with constraints.…”
Section: Contribution and Outlinementioning
confidence: 99%
See 1 more Smart Citation
“…In Section 2 we concentrate on stable matching with correlated preferences, in which each matched pair generates a single number that represents the utility of the match to both agents. Blocking pair dynamics in stable matching with correlated preferences give rise to a lexicographical potential function [1,2]. In Section 2.1 we present a general approach on coalition formation games with constraints.…”
Section: Contribution and Outlinementioning
confidence: 99%
“…Surprisingly, it also applies to ordinary two-sided stable matching games that have either correlated preferences with ties, or non-correlated strict preferences. Observe that the problem is trivially solvable for ordinary stable matching and correlated preferences without ties, as in this case there is a unique stable matching that can always be reached using the greedy construction algorithm [2]. Theorem 3.…”
Section: Reaching a Given Matchingmentioning
confidence: 99%
“…In fact, for random memory this result holds even in general when links exist among or between both partitions. However, using known results on stable marriage with full information [2], convergence time can be exponential with high probability, independently of any memory.…”
Section: Results and Contributionmentioning
confidence: 99%
“…The graph pictured on Figure 2 is not correlated: edges (j 3 m 3 , j 4 m 3 , j 4 m 2 , j 3 m 2 ) build a preference cycle. Ackermann et al [2] were the first to prove that random better and best response dynamics reach a stable matching on correlated markets in expected polynomial time. Using a similar argumentation, we extend their result to allocation instances.…”
Section: Definition 3 (Correlated Market) An Allocation Instance Ismentioning
confidence: 99%
“…Polynomial time convergence cannot be shown, since better response strategies need exponential time to converge even in matching instances [2].…”
Section: Theorem 2 For Every Allocation Instance With Rational Data mentioning
confidence: 99%