We study strategic issues in the Gale-Shapley stable marriage model. In the first part of the paper, we derive the optimal cheating strategy and show that it is not always possible for a woman to recover her women-optimal stable partner from the men-optimal stable matching mechanism when she can...

This paper studies the role played by caste, education and other social and economic attributes in arranged marriages among middle-class Indians. We use a unique data set on individuals who placed matrimonial advertisements in a major newspaper, the responses they received, how they ranked them,...

We introduce negative externalities in the form of ill will among the players of the classic two-sided assignment game of Shapley and Shubik, by letting each player's utility be negatively correlated with the payoff of all the players in his group. The new game is very complex, but under a...

In this paper we propose a particular marriage model, i.e., a model for the number of marriages for each age combination as a function of the vectors of the number of single men and women in each age group. The model is based on Dagsvik (2000) where it is demonstrated that a general type of...

This paper examines the incentives of acquirers and targets in the merger market. Using data on acquisitions among mutual fund management companies from 1991 to 2004, I estimate a two-sided matching model of the merger market jointly with equations representing merger outcomes. According to the...

We propose an estimation strategy for two-sided matching models with non-transferable utility based on the characterization using pre-matching that exploits a fixed-point characterization of the set of stable matchings.

This paper investigates the matching between banks and firms in the loan market. We estimate a many-to-one two-sided matching model using the Fox (2010) matching maximum score estimator. Using data on the U.S. loan market from 2000 to 2003, we find evidence of positive assortative matching of...

We study employment by lotto (Aldershof et al., 1999), a procedurally fair matching algorithm for the so-called stable marriage problem. We complement Aldershof et al.'s (1999) analysis in two ways. First, we give an alternative and intuitive description of employment by lotto in terms of a...

We motivate procedural fairness for matching mechanisms and study two procedurally fair and stable mechanisms: employment by lotto (Aldershof et al. , 1999) and the random order mechanism (Roth and Vande Vate, 1990, Ma, 1996). For both mechanisms we give various examples of probability...