“Fair marriages”: An impossibility |
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Authors: | Bettina Klaus |
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Institution: | aHarvard Business School, Baker Library | Bloomberg Center 437, Soldier Field, Boston, MA 02163, USA |
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Abstract: | For marriage markets Gale, D. and Shapley, L.S., 1962, College admissions and the stability of marriage, American Mathematical Monthly 69, 9–15.] so-called fair matchings do not always exist. We show that restoring fairness by using monetary transfers is not always possible: there are marriage markets where no amount of money can guarantee the existence of a fair allocation. |
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Keywords: | Efficiency Fairness Marriage markets Envy-freeness |
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