Valuation monotonicity, fairness and stability in assignment problems

A-Tier
Journal: Journal of Economic Theory
Year: 2021
Volume: 195
Issue: C

Authors (3)

van den Brink, René (not in RePEc) Núñez, Marina (Universitat de Barcelona) Robles, Francisco (not in RePEc)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In two-sided assignment markets with transferable utility, we first introduce two weak monotonicity properties that are compatible with stability. We show that for a fixed population, the sellers-optimal (respectively the buyers-optimal) stable rules are the only stable rules that satisfy object-valuation antimonotonicity (respectively buyer-valuation monotonicity). Essential in these properties is that, after a change in valuations, monotonicity is required only for buyers that stay matched with the same seller. Using Owen's derived consistency, the two optimal rules are characterized among all allocation rules for two-sided assignment markets with a variable population, without explicitly requiring stability.

Technical Details

RePEc Handle
repec:eee:jetheo:v:195:y:2021:i:c:s0022053121000946
Journal Field
Theory
Author Count
3
Added to Database
2026-01-26