. However, this dual role of bids can result in course allocations not being market outcomes, and in unnecessary efficiency loss … the latter could vastly improve efficiency of course allocation systems while facilitating market outcomes. Laboratory … experiments with greater design control confirm the superior efficiency of the Gale-Shapley mechanism. The paper tests theory that …

-proofness or efficiency. We show that stability is compatible with strategy-proofness or efficiency if and only if the priority …

We introduce a new matching model to mimic two-sided exchange programs such as tuition and worker exchange, in which …

: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than … efficiency, the social planner tries to choose the partition rule-a rule dictating how type space is partitioned to group bidders … who submit the same bid together-to maximize efficiency. With the efficient partition rule, we implement bid levels with …