Stability with one-sided incomplete information

Sushil Bikhchandani

Journal of Economic Theory, 2017, vol. 168, issue C, 372-399

Abstract: Two notions of stability, ex ante stability and Bayesian stability, are investigated in a matching model with non-transferrable utility, interdependent preferences, and one-sided incomplete information. Ex ante stable matching-outcomes are unblocked for every belief on the blocking partner's type while Bayesian stable matching-outcomes are unblocked with respect to prior beliefs. Ex ante stability is a minimal requirement. Bayesian stability is a more selective desideratum with sound efficiency properties.

Keywords: Stable matching; Incomplete information; Incomplete-information core (search for similar items in EconPapers)
JEL-codes: C78 D47 D82 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:168:y:2017:i:c:p:372-399

DOI: 10.1016/j.jet.2017.01.004

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