Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/296395 
Year of Publication: 
2022
Citation: 
[Journal:] Theoretical Economics [ISSN:] 1555-7561 [Volume:] 17 [Issue:] 4 [Year:] 2022 [Pages:] 1619-1649
Publisher: 
The Econometric Society, New Haven, CT
Abstract: 
A standing question in the theory of matching markets is how to define stability under incomplete information. This paper proposes an epistemic approach. Agents negotiate through offers, and offers are interpreted according to the highest possible degree of rationality that can be ascribed to their proponents. A matching is deemed ``stable'' if maintaining the current allocation is a rationalizable action for each agent. The main result shows an equivalence between this notion and ``incomplete-information stability,'' a cooperative solution concept put forward by Liu, Mailath, Postlewaite and Samuelson (2014) for markets with incomplete information.
Subjects: 
incomplete information
Matching
stability
JEL: 
D82
D83
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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