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, fairness, and implementation impossibilities. Despite that, we present two classes of mechanisms that maximize assignments. The …
Persistent link: https://www.econbiz.de/10011798971
This paper experimentally studies an essential institutional feature of matching markets: Randomization of allocation … fairness perceptions. …
Persistent link: https://www.econbiz.de/10011522113
Extensive evidence suggests that participants in the direct student-proposing deferred-acceptance mechanism (DSPDA) play dominated strategies. In particular, students with low priority tend to misrepresent their preferences for popular schools. To explain the observed data, we introduce...
Persistent link: https://www.econbiz.de/10012290339
Evidence suggests that participants in direct student-proposing deferred-acceptance mechanisms (DA) play dominated strategies. To explain the data, we introduce expectation-based loss aversion into a school-choice setting and characterize choice-acclimating personal equilibria in DA. We find...
Persistent link: https://www.econbiz.de/10012799779
Despite the truthful dominant strategy, participants in strategy-proof me- chanisms submit manipulated preferences. In our model, participants dislike rejections and enjoy the confirmation from getting what they declared most desirable. Formally, the payoff from a match decreases in its position...
Persistent link: https://www.econbiz.de/10012653514
-sided matching models. We show that the NYC/Boston mechanism fails to satisfy these fairness properties. We then propose two new … advocated for its superior fairness property, besides others. We introduce a new framework for school-choice problems and two … notions of fairness in lottery design based on ex-ante stability. This framework unifies known many-to-one and one …
Persistent link: https://www.econbiz.de/10011599548
. Constraining choices increases segregation and affects the stability and efficiency of the final allocation. Remarkably, the …
Persistent link: https://www.econbiz.de/10010279488
We introduce a generalization of the school choice problem motivated by the following observations: students are assigned to grades within schools, many students have siblings who are applying as well, and school districts commonly guarantee that siblings will attend the same school. This last...
Persistent link: https://www.econbiz.de/10013189067
classrooms initially reserved for each grade and enables possible efficiency gains by swapping classrooms across grades. Moreover …
Persistent link: https://www.econbiz.de/10013200099
We explore the possibility of designing matching mechanisms that can accommodate non-standard choice behavior. We pin … compatible mechanisms. Our results imply that well-functioning matching markets can be designed to adequately accommodate a … the significance of our results in practice, we show that a simple modification in a commonly used matching mechanism …
Persistent link: https://www.econbiz.de/10013464276