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, fairness, and implementation impossibilities. Despite that, we present two classes of mechanisms that maximize assignments. The …
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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...
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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...
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Efficiency Adjusted Deferred Acceptance Rule (EDA) is a promising candidate mechanism for a public school assignment. A … strategy-proofness and was introduced by Fernandez (2020). We also show that there is no efficient matching rule that weakly … Pareto dominates a stable matching rule and is regret-free truth-telling. Note that the original version of EDA by Kesten …
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