The iterative deferred acceptance mechanism

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Version: Final published version
License: CC BY 4.0
Serval ID
serval:BIB_7FDC8E1E9CA3
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
The iterative deferred acceptance mechanism
Journal
Games and Economic Behavior
Author(s)
 Inácio, Hakimov Rustamdjan
ISSN
0899-8256
Publication state
Published
Issued date
09/2022
Peer-reviewed
Oui
Volume
135
Pages
411-433
Language
english
Abstract
Lately, there has been an increase in the use of sequential mechanisms, instead of the traditional direct counterparts, in college admissions in many countries, including Germany, Brazil, and China. We describe these mechanisms and identify their shortcomings in terms of incentives and outcome properties. We introduce a new mechanism, which improves upon these shortcomings. Unlike direct mechanisms, which ask students for a full preference ranking over colleges, our mechanism asks students to sequentially make choices or submit partial rankings from sets of colleges. These are used to produce a tentative allocation at each step. If at some point it is determined that a student can no longer be accepted into previous choice, then she is asked to make another choice among colleges that would tentatively accept her. Participants following the simple strategy of choosing the most-preferred college in each step is an ex-post equilibrium that yields the Student-Optimal Stable Matching.
Keywords
Economics and Econometrics, Finance
Web of science
Open Access
Yes
Create date
05/09/2022 8:49
Last modification date
20/07/2023 6:12
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