Preference Structure and Random Paths to Stability in Matching Markets

James Boudreau ()

No 2008-29, Working papers from University of Connecticut, Department of Economics

Abstract: This paper examines how preference correlation and intercorrelation combine to influence the length of a decentralized matching market's path to stability. In simulated experiments, marriage markets with various preference specifications begin at an arbitrary matching of couples and proceed toward stability via the random mechanism proposed by Roth and Vande Vate (1990). The results of these experiments reveal that fundamental preference characteristics are critical in predicting how long the market will take to reach a stable matching. In particular, intercorrelation and correlation are shown to have an exponential impact on the number of blocking pairs that must be randomly satisfied before stability is attained. The magnitude of the impact is dramatically different, however, depending on whether preferences are positively or negatively intercorrelated.

Keywords: Marriage matching; stability; random paths. (search for similar items in EconPapers)
JEL-codes: C15 C78 P41 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2008-08
New Economics Papers: this item is included in nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Journal Article: Preference Structure and Random Paths to Stability in Matching Markets (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:uct:uconnp:2008-29

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