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A particular adaptation of Gale's top trading cycles procedure to school choice, the so-called TTC mechanism, has attracted much attention both in theory and practice due to its superior efficiency and incentive features. We discuss and introduce alternative adaptations of Gale's original...
Persistent link: https://www.econbiz.de/10011082718
fixed number of schools to be acceptable. We focus on the stability and efficiency of the Nash equilibrium outcomes. Our … main results identify rather stringent necessary and sufficient conditions on the priorities to guarantee stability or …
Persistent link: https://www.econbiz.de/10010547129
. Constraining choices increases segregation and affects the stability and efficiency of the final allocation. Remarkably, the …
Persistent link: https://www.econbiz.de/10010547189
notions of fairness in lottery design based on ex-ante stability. This framework unifies known many-to-one and one …-sided matching models. We show that the NYC/Boston mechanism fails to satisfy these fairness properties. We then propose two new … ex-ante stability, equal treatment, and constrained ordinal-Pareto-efficiency. …
Persistent link: https://www.econbiz.de/10011019208
it replaced. In this paper, we introduce a new framework for investigating school-choice matching problems and two ex …-ante notions of fairness in lottery design, strong ex-ante stability and ex-ante stability. This frame- work generalizes known one …-to-many two-sided and one-sided matching models. We first show that the new NYC/Boston mechanism fails to satisfy these fairness …
Persistent link: https://www.econbiz.de/10008507993
Recent work has highlighted welfare gains from the use of the Boston mechanism over deferred acceptance (DA) in school choice problems, in particular finding that when cardinal utility is taken into account, Boston interim Pareto dominates DA in certain incomplete information environments with...
Persistent link: https://www.econbiz.de/10010577249
. The respect for priorities ex ante (ex-ante stability) usually precludes ex-ante envy-freeness. Therefore I defi…ne a new … Zeckhauser's (1979) pseudomarket that meets ex-ante stability, no unjustifi…ed lower chances and ex-ante efficiency among agents …
Persistent link: https://www.econbiz.de/10010692004
Controlled choice over public schools attempts giving parents selection options while maintaining diversity of different student types. In practice, diversity constraints are often enforced by setting hard upper bounds and hard lower bounds for each student type. We demonstrate that, with hard...
Persistent link: https://www.econbiz.de/10010930799
action policies with celebrated matching mechanisms such as the deferred acceptance and top trading cycles algorithms …
Persistent link: https://www.econbiz.de/10010674220
We revisit the school choice problem with consent proposed by Kesten [12], which seeks to improve the efficiency of the student-optimal deferred acceptance algorithm (DA) by obtaining students' consent to give up their priorities. We observe that for students to consent, we should use their...
Persistent link: https://www.econbiz.de/10011076678