Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4,6 TrustPilot
logo-home
Class notes

ECON0123 Week 4

Rating
-
Sold
-
Pages
6
Uploaded on
21-05-2024
Written in
2022/2023

In depth notes on ECON0123 Week 4

Institution
Course

Content preview

Week 4
Matching
GM Ch1 and H Ch 9,10,11


Marriage market
Y MUN mi mn w wa NOTATION


Preferences tobestrict
assumed PmW w mew
M W the
Hiew y overMuli tobesingleto Pm
Y
married
equivalent



MatchingMMuW Mowsuchthat
AmenMIMEWUM
twewMuleMow
tiensuchthatMil i MMilliiiethe of s pouse myself
ismyself
Stability
Mlw inn
mandwarenotmatched
ApairImw blocksMit m
m wMulmpreferswtomaten
hmmm wprefersmtomatch

Misindividuallyrationaliftimlits i
Mis pairwisestableif i r F blockingpairs

Deferred acceptance algorithm
• Men (rejected in the previous round) make proposals to their favourite women who have not
rejected them yet (but may have accepted others)
• Women reject all but their favourite proposal
• This is repeated until no rejections are made within a round

MEN WOMEN ROUND ROUND
2
kg bc d a w

men
a
w xw w b
w x
a ab
yz I b x
p ropose
the
Beingproposergivesyou
x wz y a b ba preferences d
y yy z c c ed
best
ofallstablematchings
z z z z d d d c
if bothmatchingsare
thesamethestable
MEN WOMEN ROUND ROUND
2 isunique
matching

I kq a bc d w Y
a w a w a w anagent
unmatched inon
x b x b x besoin
will

I
stablematching
women
p ropose W WW b a c
all
x w z y a b b a preference t q d z
y y y z c c ed
z z z z dd dc
NOTATION

Mla x Mlb w
or
at x bow

, Proof of stability
• The outcome is individually rational because
◦ No man proposes to a women that he nds unacceptable
◦ No woman accepts an o er from a man she nds unacceptable
• The outcome cannot have a blocking pair, proof by contraction:
◦ Suppose A and B are a blocking pair
◦ Because B proposed to A before proposing to nal match, if he had to make subsequent
proposals he must have been rejected by A
◦ A only rejects B if alternative proposal is preferred, so prefers nal match to B

Optimality
Mm bestablematchingwhenmenpropose
AstableM t meM MmlmlemMlmI
t wew Mmw Mw
Sw 2

1 roof Imw is achievable if IstableMMw m
byw ifImw is
achievable
Claim misneverrejected

letwife
retina hitotitisattheendofthe be
theywould p aired
process

w willnotrejecthimby contradiction

mis rejectedatroundkbywa
roundk
wrecievedproposalmamat
Let7stableMm wandMmi w
mnotrejectedbyw infirstkrounds
wemw
mam and wemw means mw is ablockingpair
acontradiction

2 Mw withblockingpairlmw
Bycontr FweW FMMmw contradiction
menMlw wmMm whichis a



others tablematchingtowomanoptimalmatching
PmMw Mw Mm'sMM Mprefersmanoptimalmatchingtoanyotherstablematchingandany
PwMm Mm Mw t MwWpreferswomanoptimalmatchingtoanyotherstablematchingandanyotherstablematchingto manoptimalmatching

DA + report
So far it was assumed that the algorithm knows true preferences
Suppose:
W Mam W
We Memewe Mm m hi meow
M Wewzem
We w m

egwelies Wa Miwema thenMm m wz matsw
es
i Wihasincentiveto lie MmandMiifMw
if
There is no mechanism that for any matching problem ensures
• The matching is stable with respect to submitted preferences




fi
ff fi

Written for

Institution
Study
Unknown
Course

Document information

Uploaded on
May 21, 2024
Number of pages
6
Written in
2022/2023
Type
Class notes
Professor(s)
Nikita roketskiy
Contains
All classes

Subjects

$10.44
Get access to the full document:

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Get to know the seller
Seller avatar
zctpfru

Document also available in package deal

Get to know the seller

Seller avatar
zctpfru University College London
Follow You need to be logged in order to follow users or courses
Sold
-
Member since
1 year
Number of followers
0
Documents
43
Last sold
-

0.0

0 reviews

5
0
4
0
3
0
2
0
1
0

Trending documents

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can immediately select a different document that better matches what you need.

Pay how you prefer, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card or EFT and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions