• DocumentCode
    2828161
  • Title

    Designing a strategic bipartite matching market

  • Author

    Jain, Rahul

  • Author_Institution
    IBM T. J. Watson Res. Center, Hawthorne
  • fYear
    2007
  • fDate
    12-14 Dec. 2007
  • Firstpage
    139
  • Lastpage
    144
  • Abstract
    We consider a version of the Gale-Shapley matching problem and the Shapley-Shubik assignment game. It involves matching n buyers with m sellers. Each seller offers a distinct good and a buyer has a different valuation for various goods, and it only wants one. The matching may also involve an exchange of numeraire to be paid by the buyers, and to the sellers. The players are strategic. The key requirements are ex ante individual rationality, strong budget-balance and efficiency at equilibrium. The motivation is a advertiser-host matching system. We propose an auction-based matching mechanism. The mechanism is non-VCG (Vickrey-Clarke-Groves) type, ex ante individual rational and is able to achieve strong budget-balance. Further, we show that there exists a Nash equilibrium that is efficient.
  • Keywords
    advertising; game theory; pattern matching; Gale-Shapley matching problem; Nash equilibrium; Shapley-Shubik assignment game; advertiser-host matching system; auction-based matching mechanism; ex ante individual rational; nonVickrey-Clarke-Groves type; strategic bipartite matching market design; Cost accounting; Cultural differences; Educational institutions; Iterative algorithms; Nash equilibrium; Optimal matching; Pricing; Shape control; Stability; USA Councils;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Decision and Control, 2007 46th IEEE Conference on
  • Conference_Location
    New Orleans, LA
  • ISSN
    0191-2216
  • Print_ISBN
    978-1-4244-1497-0
  • Electronic_ISBN
    0191-2216
  • Type

    conf

  • DOI
    10.1109/CDC.2007.4434797
  • Filename
    4434797