On Clearing Prices in Matching Markets: A Simple Characterization without Duality
Abstract
Duality of linear programming is a standard approach to the classical weighted maximum matching problem. From an economic perspective, the dual variables can be regarded as prices of products and payoffs of buyers in a two-sided matching market. Traditional duality-based algorithms, e.g., Hungarian, essentially aims at finding a set of prices that clears the market. Under such market-clearing prices, a maximum matching is formed when buyers buy their most preferred products respectively. We study the property of market-clearing prices without the use of duality, showing that: (1) the space of market-clearing prices is convex and closed under element-wise maximum and minimum operations; (2) any market-clearing prices induce all maximum matchings.
Cite
@article{arxiv.1912.00786,
title = {On Clearing Prices in Matching Markets: A Simple Characterization without Duality},
author = {Xiaoming Li and Tao Lin},
journal= {arXiv preprint arXiv:1912.00786},
year = {2019}
}