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Kojima, Fuhito, and
Parag A. Pathak. 2009. "Incentives and Stability in Large Two-Sided Matching Markets."
,
99(3): 608-27.
Show Article Details
DOI: 10.1257/aer.99.3.608
Abstract:A number of labor markets and student placement systems can be modeled
as many-to-one matching markets. We analyze the scope for manipulation in
many-to-one matching markets under the student-optimal stable mechanism
when the number of participants is large. Under some regularity conditions,
we show that the fraction of participants with incentives to misrepresent their
preferences when others are truthful approaches zero as the market becomes
large. With an additional condition, truthful reporting by every participant is
an approximate equilibrium under the student-optimal stable mechanism in
large markets. (JEL C78)
Additional links:
Online Appendix
Authors:
Kojima, Fuhito (Yale U)
Pathak, Parag A. (Harvard U and MIT)
JEL Classifications:
C78: Bargaining Theory; Matching Theory
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