Article ID: | iaor20131220 |
Volume: | 74 |
Issue: | 4 |
Start Page Number: | 565 |
End Page Number: | 589 |
Publication Date: | Apr 2013 |
Journal: | Theory and Decision |
Authors: | Knoblauch Vicki, Boudreau James |
Keywords: | modelling, preference modelling, agent based system |
This paper studies welfare tradeoffs in two‐sided, one‐to‐one matching markets. We begin by providing theoretical upper bounds on a utilitarian price of stability, and show that these bounds vary with the composition of participants’ ordinal preference lists. We then turn to simulation experiments to describe how changes in basic characteristics of agents’ preferences can increase or decrease the