← 研踪 PaperTrailarXiv:2501.14159 · v3
From signaling to interviews in random matching markets
首次提交 2025-01-24 09:08
版本更新 2026-10-30 01:56
雷达观测 2026-10-30 13:28
摘要
In two-sided labor markets, interviews precede matches. Rising interview volumes in medical residency markets have motivated signaling mechanisms that let applicants express interest in a limited number of partners. We study how signaling reduces interviews in centralized random matching markets with post-interview shocks. We focus on interim stability, which ensures that agents do not regret not interviewing with each other. A matching is almost interim stable if it becomes interim stable after removing a vanishing fraction of agents. We consider markets with $n$ agents in which agents on the short side, long side, or both sides signal their top $d$ preferred partners. An interview occurs whenever at least one party signals the other. When the probability of a nonnegative interview shock is bounded away from zero and $d=ω(1)$, short-side signaling leads to almost interim stable matchings. Long-side signaling can fail in strongly imbalanced markets when pre-interview scores outweigh interview shocks. In balanced markets without interview shocks, both-side signaling fails to achieve almost interim stability when $d=o(\log n)$. For larger $d \ge Ω(\log^2 n)$, under the same probability condition, short-side signaling achieves perfect interim stability, while long-side signaling can fail in imbalanced markets. We extend these findings to propose a signaling mechanism for multi-tiered random markets and identify conditions for incentive compatibility. A technical contribution is the analysis of a message-passing algorithm for stable matchings on trees, together with local availability certificates used to study interim stability on general graphs.
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v3 · 2026-10-30 01:56 · 最新观测版本
From signaling to interviews in random matching markets
In two-sided labor markets, interviews precede matches. Rising interview volumes in medical residency markets have motivated signaling mechanisms that let applicants express interest in a limited number of partners. We study how signaling reduces interviews in centralized random matching markets with post-interview shocks. We focus on interim stability, which ensures that agents do not regret not interviewing with each other. A matching is almost interim stable if it becomes interim stable after removing a vanishing fraction of agents. We consider markets with $n$ agents in which agents on the short side, long side, or both sides signal their top $d$ preferred partners. An interview occurs whenever at least one party signals the other. When the probability of a nonnegative interview shock is bounded away from zero and $d=ω(1)$, short-side signaling leads to almost interim stable matchings. Long-side signaling can fail in strongly imbalanced markets when pre-interview scores outweigh interview shocks. In balanced markets without interview shocks, both-side signaling fails to achieve almost interim stability when $d=o(\log n)$. For larger $d \ge Ω(\log^2 n)$, under the same probability condition, short-side signaling achieves perfect interim stability, while long-side signaling can fail in imbalanced markets. We extend these findings to propose a signaling mechanism for multi-tiered random markets and identify conditions for incentive compatibility. A technical contribution is the analysis of a message-passing algorithm for stable matchings on trees, together with local availability certificates used to study interim stability on general graphs.
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