A note on the efficiency and fairness of decentralized matching |
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Authors: | James W Boudreau |
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Institution: | Department of Economics & Finance, University of Texas-Pan American, 1201 W. University Dr., Edinburg, TX, 78539-2999, United States |
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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. |
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Keywords: | Decentralized matching Tâ tonnement Fairness Efficiency |
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