Stable Matchings with Choice Correspondences Under Acyclicity

Fuente: arXiv
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Main Authors: Bansal, Varun, Bhattacharya, Mihir, Khare, Ojasvi
Format: Preprint
Published: 2026
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author Bansal, Varun
Bhattacharya, Mihir
Khare, Ojasvi
author_facet Bansal, Varun
Bhattacharya, Mihir
Khare, Ojasvi
contents We study the existence of stable matchings when agents have choice correspondences instead of preference relations. We extend the framework of \cite{chambers2017choice} by weakening the path independence assumption. For many-to-many markets, we show that stable matchings exist when choice correspondences satisfy substitutability and a new general acyclicity condition. We provide a constructive proof using a Grow or Discard Algorithm that iteratively expands or eliminates contracts until a strongly maximal individually rational set is reached. We provide an algorithm to obtain stable matchings in which rejected contracts are not permanently discarded, distinguishing our approach significantly from standard DAA-type algorithms. For one-to-one markets, we introduce a replacement-based notion of stability and provide an algorithm that constructs stable matchings when choice correspondences satisfy binary acyclicity, a property weaker than path independence. JEL classification: C62, C78, D01, D47 Keywords: choice correspondences, substitutability, general acyclicity, many-to-many matching, matching with contracts, Grow or Discard algorithm, replacement stability, binary acyclicity.
format Preprint
id arxiv_https___arxiv_org_abs_2603_23038
institution arXiv
publishDate 2026
record_format arxiv
spellingShingle Stable Matchings with Choice Correspondences Under Acyclicity
Bansal, Varun
Bhattacharya, Mihir
Khare, Ojasvi
Theoretical Economics
We study the existence of stable matchings when agents have choice correspondences instead of preference relations. We extend the framework of \cite{chambers2017choice} by weakening the path independence assumption. For many-to-many markets, we show that stable matchings exist when choice correspondences satisfy substitutability and a new general acyclicity condition. We provide a constructive proof using a Grow or Discard Algorithm that iteratively expands or eliminates contracts until a strongly maximal individually rational set is reached. We provide an algorithm to obtain stable matchings in which rejected contracts are not permanently discarded, distinguishing our approach significantly from standard DAA-type algorithms. For one-to-one markets, we introduce a replacement-based notion of stability and provide an algorithm that constructs stable matchings when choice correspondences satisfy binary acyclicity, a property weaker than path independence. JEL classification: C62, C78, D01, D47 Keywords: choice correspondences, substitutability, general acyclicity, many-to-many matching, matching with contracts, Grow or Discard algorithm, replacement stability, binary acyclicity.
title Stable Matchings with Choice Correspondences Under Acyclicity
topic Theoretical Economics
url https://arxiv.org/abs/2603.23038