Abstract
In this paper, we study a many-to-many matching model with contracts. We extend the economic model of Hatfield and Milgrom by allowing a partial order on the possible bilateral contracts of the agents in a two-sided market economy. To prove that a generalized stable allocation exists, we use generalized form of properties like path-independence and substitutability. The key to our results is thewell-known lattice theoretical fixed point theorem of Tarski. The constructive proof of this fixed point theorem for finite sets turns out to be the appropriate generalization of the Gale-Shapley algorithm also in our general setting.
Original language | English |
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Pages (from-to) | 401-417 |
Number of pages | 17 |
Journal | Japan Journal of Industrial and Applied Mathematics |
Volume | 29 |
Issue number | 3 |
DOIs | |
Publication status | Published - 2012 Oct |
Keywords
- Gale-Shapley algorithm
- Lattices
- Partial orders
- Stable marriages
ASJC Scopus subject areas
- Engineering(all)
- Applied Mathematics