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Stable solutions vs. multiplicative utility...
Journal article

Stable solutions vs. multiplicative utility solutions for the assignment problem

Abstract

The purpose of this note is (1) to illustrate that a utility maximization approach is not necessarily a stable solution for a matching assignment problem (2) to compare stable solutions with utility maximization solutions that are derived from a two attribute, multiplicative, utility function. It is demonstrated for an example, generated and studied by McVitie and Wilson (1971), that the utility maximization solutions do not seem, on a …

Authors

Mehrez A; Yuan Y; Gafni A

Journal

Operations Research Letters, Vol. 7, No. 3, pp. 131–139

Publisher

Elsevier

Publication Date

June 1988

DOI

10.1016/0167-6377(88)90079-x

ISSN

0167-6377