Abstract This paper characterizes the top trading cycles mechanism for the school choice problem. Schools may have …, consistency and resource monotonicity. We show that the top trading cycles mechanism is the unique Pareto efficient and strategy … axiomatic approach to the top trading cycles mechanism in the school choice problem where schools have a capacity greater than …

mechanisms in the designed environment. However, contrary to theory, Gale-Shapley outperforms the Top Trading Cycles mechanism … Top Trading Cycles mechanism might significantly improve efficiency, however, the efficiency gains are likely to be more …