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A note on the multiple partners assignment game

Alexis Fagebaume, David Gale and Marilda Sotomayor ()

Journal of Mathematical Economics, 2010, vol. 46, issue 4, 388-392

Abstract: In the assignment game of Shapley and Shubik [Shapley, L.S., Shubik, M., 1972. The assignment game. I. The core, International Journal of Game Theory 1, 11-130] agents are allowed to form one partnership at most. That paper proves that, in the context of firms and workers, given two stable payoffs for the firms there is a stable payoff which gives each firm the larger of the two amounts and also one which gives each of them the smaller amount. Analogous result applies to the workers. Sotomayor [Sotomayor, M., 1992. The multiple partners game. In: Majumdar, M. (Ed.), Dynamics and Equilibrium: Essays in Honor to D. Gale. Mcmillian, pp. 322-336] extends this analysis to the case where both types of agents may form more than one partnership and an agent's payoff is multi-dimensional. Instead, this note concentrates in the total payoff of the agents. It is then proved the rather unexpected result that again the maximum of any pair of stable payoffs for the firms is stable but the minimum need not be, even if we restrict the multiplicity of partnerships to one of the sides.

Keywords: Assignment; Matching; Stability; Stable; payoff; Stable; imputation; Lattice (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (7)

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