The iterative deferred acceptance mechanism
Détails
Télécharger: 1-s2.0-S0899825622001129-main.pdf (693.13 [Ko])
Etat: Public
Version: Final published version
Licence: CC BY 4.0
Etat: Public
Version: Final published version
Licence: CC BY 4.0
ID Serval
serval:BIB_7FDC8E1E9CA3
Type
Article: article d'un périodique ou d'un magazine.
Collection
Publications
Institution
Titre
The iterative deferred acceptance mechanism
Périodique
Games and Economic Behavior
ISSN
0899-8256
Statut éditorial
Publié
Date de publication
09/2022
Peer-reviewed
Oui
Volume
135
Pages
411-433
Langue
anglais
Résumé
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.
Mots-clé
Economics and Econometrics, Finance
Web of science
Open Access
Oui
Création de la notice
05/09/2022 8:49
Dernière modification de la notice
20/07/2023 6:12