Equilibria of Deferred Acceptance with Complete Lists
Details
Serval ID
serval:BIB_9B942F0AEBD5
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Equilibria of Deferred Acceptance with Complete Lists
Journal
Economics Letters
ISSN
0165-1765
Publication state
Published
Issued date
07/2016
Peer-reviewed
Oui
Volume
144
Pages
98-101
Language
english
Abstract
We study the structure of the set of (Nash) equilibria of a deferred acceptance game with complete lists: for a given marriage market with complete lists, men propose to women truthfully while women can accept or reject proposals strategically throughout the deferred-acceptance algorithm. Zhou (1991) studied this game and showed that a matching that is stable with respect to the true preferences can be supported by some preference profile (possibly a non-equilibrium one) if and only if it can be supported by an equilibrium as well. In particular, this result implies the existence of equilibria since the men-optimal stable matching is supported by true preferences and hence an equilibrium outcome. We answer an open question Zhou posed by showing that there need not exist an equilibrium matching that weakly dominates all other equilibrium matchings from the women's point of view (Theorem 2).
Keywords
Matching, Stability, Complete lists, Nash equilibria
Web of science
Create date
30/04/2016 15:30
Last modification date
20/08/2019 15:02