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A note on the efficiency and fairness of decentralized matching
Authors:James W Boudreau
Institution:
  • Department of Economics & Finance, University of Texas-Pan American, 1201 W. University Dr., Edinburg, TX, 78539-2999, United States
  • Abstract:This note shows by means of simulation experiments that although two-sided matching markets can always converge to a stable outcome via a decentralized process of matching and rematching, the most likely outcome need not be the median matching or a minimum-choice-count matching, whether or not the two coincide.
    Keywords:Decentralized matching    tonnement  Fairness  Efficiency
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