Stable Many-to-Many Matchings with Contracts

We consider several notions of setwise stability for many-to-many matching markets with contracts and provide an analysis of the relations between the resulting stable sets and pairwise stable sets for general, substitutable, and strongly substitutable preferences. Apart from obtaining “set inclusion results'''' on all three domains, we prove that for substitutable preferences the set of pairwise stable matchings is nonempty and coincides with the set of weakly setwise stable matchings. For strongly substitutable preferences the set of pairwise stable matchings coincides with the set of setwise stable matchings. We also show that Roth’s (1984) stability coincides with pairwise stability for substitutable preferences.microeconomics ;

The stable roommates problem with globally-ranked pairs

We introduce a restriction of the stable roommates problem in which roommate pairs are ranked globally. In contrast to the unrestricted problem, weakly stable matchings are guaranteed to exist, and additionally, they can be found in polynomial time. However, it is still the case that strongly stable matchings may not exist, and so we consider the complexity of finding weakly stable matchings with various desirable properties. In particular, we present a polynomial-time algorithm to find a rank-maximal (weakly stable) matching. This is the first generalization of an algorithm due to [Irving et al. 06] to a nonbipartite setting. Also, we describe several hardness results in an even more restricted setting for each of the problems of finding weakly stable matchings that are of maximum size, are egalitarian, have minimum regret, and admit the minimum number of weakly blocking pairs

Finding large stable matchings

When ties and incomplete preference lists are permitted in the stable marriage and hospitals/residents problems, stable matchings can have different sizes. The problem of finding a maximum cardinality stable matching in this context is known to be NP-hard, even under very severe restrictions on the number, size, and position of ties. In this article, we present two new heuristics for finding large stable matchings in variants of these problems in which ties are on one side only. We describe an empirical study involving these heuristics and the best existing approximation algorithm for this problem. Our results indicate that all three of these algorithms perform significantly better than naive tie-breaking algorithms when applied to real-world and randomly-generated data sets and that one of the new heuristics fares slightly better than the other algorithms, in most cases. This study, and these particular problem variants, are motivated by important applications in large-scale centralized matching schemes

Stable marriages and search frictions

Stable matchings are the primary solution concept for two-sided matching markets with nontransferable utility. We investigate the strategic foundations of stability in a decentralized matching market. Towards this end, we embed the standard marriage markets in a search model with random meetings. We study the limit of steady-state equilibria as exogenous frictions vanish. The main result is that convergence of equilibrium matchings to stable matchings is guaranteed if and only if there is a unique stable matching in the underlying marriage market. Whenever there are multiple stable matchings, sequences of equilibrium matchings converging to unstable, inefficient matchings can be constructed. Thus, vanishing frictions do not guarantee the stability and efficiency of decentralized marriage markets

Median stable matching for college admission

We give a simple and concise proof that so-called generalized median stable matchings are well-defined stable matchings for college admissions problems. Furthermore, we discuss the fairness properties of median stable matchings and conclude with two illustrative examples of college admissions markets, the lattices of stable matchings, and the corresponding generalized median stable matchings

Stable Many-to-Many Matchings with Contracts

We consider several notions of setwise stability for many-to-many matching markets with contracts and provide an analysis of the relations between the resulting sets of stable allocations for general, substitutable, and strongly substitutable preferences. Apart from obtaining "set inclusion results" on all three domains, we introduce weak setwise stability as a new stability concept and prove that for substitutable preferences the set of pairwise stable matchings is nonempty and coincides with the set of weakly setwise stable matchings. For strongly substitutable preferences the set of pairwise stable matchings coincides with the set of setwise stable matchings.Many-to-Many Matching, Matching with Contracts, Pairwise Stability, Setwise Stability.