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. As a main motivation for these reforms the policymakers cited strategic flaws of the rules: students had strong … incentives to game the system, which caused dramatic consequences for non-strategic students. However, almost none of the new … manipulate. Simultaneously, the admission to each school became strategy-proof to a larger set of students, making the schools …
Persistent link: https://www.econbiz.de/10012843021
We study many-to-one matching with complementarities. Real life examples include college admissions with two-sided monetary transfers, teacher assignment with different teaching loads, worker assignment. Due to the presence of complementarities, the conditions that are essential for the...
Persistent link: https://www.econbiz.de/10012967866
We study a college admissions problem in which colleges accept students by ranking students’ efforts in entrance exams …. Students’ ability levels affect the cost of their efforts. We solve and compare the equilibria of “centralized college … admissions” (CCA) where students apply to all colleges and “decentralized college admissions” (DCA) where students only apply to …
Persistent link: https://www.econbiz.de/10011437881
students prefer DCA whereas higher ability students prefer CCA. The main qualitative predictions of the theory are supported by …We theoretically and experimentally study a college admissions problem in which colleges accept students by ranking … students' efforts in entrance exams. Students hold private information regarding their ability level that affects the cost of …
Persistent link: https://www.econbiz.de/10010413636
Each year, millions of high school graduates in China take a standardized test and compete for college seats. Unlike other countries, college admissions in China have a distinct feature: both test scores and colleges’ preferences coexist in the market. To alleviate the misalignment problem...
Persistent link: https://www.econbiz.de/10013213809
We study a college admissions problem in which colleges accept students by ranking students' efforts in entrance exams …. Students' ability levels affect the cost of their efforts. We solve and compare equilibria of "centralized college admissions …" (CCA) where students apply to all colleges and "decentralized college admissions" (DCA) where students only apply to one …
Persistent link: https://www.econbiz.de/10012138431
I study a college-admissions model with two need-blind colleges and heterogeneous students. In a game in which colleges … worse off but make all students and the other college better off …
Persistent link: https://www.econbiz.de/10012847810
I propose a centralized clearinghouse for college admissions in which students can signal enthusiasm by commitment, as … in early-decision programs. Furthermore, students can specify financial aid in their preferences and they can be matched …. To study centralized college admissions, I advance the theory of stability for many-to-many matching markets with …
Persistent link: https://www.econbiz.de/10014139648
mechanisms that are more fair by counting: the old mechanism always has at least as many blocking students as the new mechanism …
Persistent link: https://www.econbiz.de/10014094889
We explore the possibility of designing matching mechanisms that can accommodate non-standard choice behavior. We pin down the necessary and sufficient conditions on participants’ choice behavior for the existence of stable and incentive compatible mechanisms. Our results imply that...
Persistent link: https://www.econbiz.de/10013460341