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We introduce a new mechanism for matching students to schools or universities, denoted Iterative Deferred Acceptance …), the matching that is produced is the Student Optimal Stable Matching. Moreover, under imperfect information, students …
Persistent link: https://www.econbiz.de/10011586814
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...
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model the principal-agent economy as a two-sided matching game and characterise the set of stable outcomes of this principal …-agent matching market. A simple mechanism to implement the set of stable outcomes is proposed. Finally, we put forward examples of …
Persistent link: https://www.econbiz.de/10011507906
This note considers a hiring mechanism with multiple applications and application costs, which encompasses the common features of many real-world procedures. Multiple applications impose serious coordination problems to colleges, but application costs restore stability. With zero application...
Persistent link: https://www.econbiz.de/10013093529
bargain through some extensive game form. We take an implementation approach, characterizing the possible allocation rules …
Persistent link: https://www.econbiz.de/10005062338
model the principal-agent economy as a two-sided matching game and characterize the set of stable outcomes of this principal …-agent matching market. A simple mechanism to implement the set of stable outcomes is proposed. Finally, we put forward examples of …
Persistent link: https://www.econbiz.de/10005572268
We study the implementability of stable correspondences in marriage markets with externalities. We prove that, contrary …
Persistent link: https://www.econbiz.de/10014105711