Econometrica Vol. 82 No. 2 2014
Stable Matching With Incomplete Information
open access
Abstract
We formulate a notion of stable outcomes in matching problems with one-sided asymmetric information. The key conceptual problem is to formulate a notion of a blocking pair that takes account of the inferences that the uninformed agent might make. We show that the set of stable outcomes is nonempty in incomplete-information environments, and is a superset of the set of complete-information stable outcomes. We then provide sufficient conditions for incomplete-information stable matchings to be efficient. Lastly, we define a notion of price-sustainable allocations and show that the set of incomplete-information stable matchings is a subset of the set of such allocations.
- DOI
- 10.3982/ecta11183
- Volume
- 82
- Issue
- 2
- Pages
- 541-587
- Language
- en
- Sources
- bibtex:phds-export.bib crossref openalex