Theory points to a potential trade-off between two main school assignment mechanisms; Boston and Deferred Acceptance (DA). While DA is strategy-proof and gives a stable matching, Boston might outperform DA in terms of ex-ante efficiency. We quantify the (dis)advantages of the mechanisms by using...

We study efficient and stable mechanisms in matching markets when the number of agents is large and individuals' preferences and priorities are drawn randomly. When agents' preferences are uncorrelated, then both efficiency and stability can be achieved in an asymptotic sense via standard...

A vast majority of the school choice literature focuses on designing mechanisms to simultaneously assign students to many schools, and employs a “make it up as you go along” approach when it comes to each school’s admissions policy. An alternative approach is to focus on the admissions...