Introduction to the theory of choice and stable contracts

The paper is devoted to the presentation of the basic concepts and results in the theory of stable contract systems. This theory originated in 1962 and has significantly been developed since then. The main results (existence, polarization, lattice structure) have been obtained in the bipartite situation, when the contracting agents are divided into two groups, and contracts are concluded between agents from opposite groups. Another important limitation is that the agents' preferences are described by so-called Plott choice functions. The first part of the paper is devoted to this concept, which generalizes the concept of partial order. The second part sets out the theory of stable contracts itself. Bibliography: 34 titles.