We develop a method to measure the fairness of school matching mechanisms and apply it to the Boston mechanism used in … the Chinese college admissions system. Fairness is measured by mismatch, or the gap between the actual and fair matching …

letzten Jahren nicht nur in der Theorie eine große Bedeutung zu, sondern auch in der Praxis wird dem Versagen zahlreicher … für eine Seite des Marktes existieren und bei größer werdenden Märkten in der Praxis sogar abnehmen. -- Matching … Stability of Marriage" (1962) led to a huge and still growing discussion in the literature on two-sided matching markets. The …

students prefer DCA whereas higher ability students prefer CCA. The main qualitative predictions of the theory are supported by …We theoretically and experimentally study a college admissions problem in which colleges accept students by ranking … students' efforts in entrance exams. Students hold private information regarding their ability level that affects the cost of …

We study a college admissions problem in which colleges accept students by ranking students’ efforts in entrance exams …. Students’ ability levels affect the cost of their efforts. We solve and compare the equilibria of “centralized college … admissions” (CCA) where students apply to all colleges and “decentralized college admissions” (DCA) where students only apply to …