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-liability (JL) to individual liabil- ity (IL) lending models. This article tests a theory explaining this shift, focusing on … borrowers matching into groups exposed to similar economic shocks under JL, diminishing its effectiveness. I reconcile …
Persistent link: https://www.econbiz.de/10015271329
Recently dozens of school districts and college admissions systems around the world have reformed their admission rules. As a main motivation for these reforms the policymakers cited strategic flaws of the rules: students had strong incentives to game the system, which caused dramatic...
Persistent link: https://www.econbiz.de/10012843021
In the school choice market, where scarce public school seats are assigned to students, a key operational issue is how to reassign seats that are vacated after an initial round of centralized assignment. Practical solutions to the reassignment problem must be simple to implement, truthful and...
Persistent link: https://www.econbiz.de/10012901647
We give a direct proof of one-sided strategy-proofness for worker-firm matching under continuously transferable utility …
Persistent link: https://www.econbiz.de/10012933003
Pathak and Sönmez (2013) provided support for many real-world school choice reforms by showing that the post-reform mechanisms are often “less manipulable” than the pre-reform mechanisms according to their criterion of manipulability. In many realistic preference domains including...
Persistent link: https://www.econbiz.de/10013309437
Vulnerability to manipulation is a threat to successful matching market design. However, some manipulation is often …
Persistent link: https://www.econbiz.de/10013220583
Market size has been predicted to play an influential role in a broad class of environments. We study performance of the Boston and the Deferred Acceptance (DA) mechanism in a laboratory where we increase the market size. Our results show that increasing the market size from 4 to 40 students per...
Persistent link: https://www.econbiz.de/10012965627
We study a one-to-one two-sided matching market in which each man has a common value for all women and a private value … which a woman proposes to a random man in each step. We prove that envy in a matching market is bounded by envy in this … of the square root of the number of men in each type. Therefore, in large matching markets, envy becomes zero; on top of …
Persistent link: https://www.econbiz.de/10013250140
Priority structures are uncertain in real-life college admissions markets. This study investigates how information structures on priority affect resulting allocations. To do this, we focus on a class of real-life information structures that are represented as cutoff signals, which privately tell...
Persistent link: https://www.econbiz.de/10014237344
The size of a matching is defined as the expected number of agents who are matched to some objects. It is an important …. This paper studies the matching size achieved by strategy-proof mechanisms in a general model of matching with constraints … of classical mechanisms may generate an arbitrarily small matching when we have such generalized constraints. Assuming a …
Persistent link: https://www.econbiz.de/10012914531