This paper studies a stability notion and matching processes in the job market with incomplete information on the …-specific information, we propose a stability notion which, in addition to requiring individual rationality and no blocking pairs, captures …

A standing question in the theory of matching markets is how to define stability under incomplete information. This … possible degree of rationality that can be ascribed to their proponents. A matching is deemed “stable” if maintaining the … “incomplete-information stability,” a cooperative solution concept put forward by Liu, Mailath, Postlewaite, and Samuelson (2014 …

preferences exist, significantly decrease stability in matching markets, and are driven both by belief-based and preference …Matching markets can be unstable when individuals prefer to be matched to a partner who also wants to be matched with …

acceptance mechanism can achieve stability. These results provide insights into non-standard preferences in matching markets, and … paper, we introduce and formalize reciprocal preferences, apply them to matching markets, and analyze the implications for …