Many centralized two-sided markets form a matching between participantsby running a stable marriage algorithm. It is a well-knownfact that no matching mechanism based on a stable marriage algorithmcan guarantee truthfulness as a dominant strategy for participants.However, as we will show in this...

One of the main building blocks of economics is the theory of the consumer, which postulates that consumers are utility maximizing. However, from a computational perspective, this model is called into question because the task of utility maximization subject to a budget constraint is...

In this paper we design an econometric test for monotone comparative statics (MCS) often found in models with multiple equilibria. Our test exploits the observable implications of the MCS prediction: that the extreme (high and low) conditional quantiles of the dependent variable increase...

05 the Boston School Committee voted to replace the existing Boston school choice mechanism with a deferred acceptance mechanism that simplifies the strategic choices facing parents. This paper presents the empirical case against the previous Boston mechanism, a priority matching mechanism, and...

Economics

Economics

Economics

Economics