All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC

James Boudreau
''Preference Structure and Random Paths to Stability in Matching Markets''
( 2008, Vol. 3 No.67 )
This paper examines how preference correlation and intercorrelation combine to influence the length of a decentralized matching market's path to stability. In simulated experiments, marriage markets with various preference specifications begin at an arbitrary matching of couples and proceed toward stability via the random mechanism proposed by Roth and Vande Vate (1990). The results of these experiments reveal that fundamental preference characteristics are critical in predicting how long the market will take to reach a stable matching. In particular, intercorrelation and correlation are shown to have an exponential impact on the number of blocking pairs that must be randomly satisfied before stability is attained. The magnitude of the impact is dramatically different, however, depending on whether preferences are positively or negatively intercorrelated.
C6 - Mathematical Methods and Programming: General
Manuscript Received : Oct 10 2008 Manuscript Accepted : Oct 23 2008

  This abstract has been downloaded 1741 times                The Full PDF of this paper has been downloaded 155958 times