Application Costs in Sequential Admission Mechanisms
AbstractThis paper considers a realistic family of admission mechanisms, with multiple applications and application costs. Multiple applications impose serious coordination problems to colleges, but application costs restore stability. Without application costs and under incomplete information unstable allocations emerge.
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Bibliographic InfoPaper provided by Collegio Carlo Alberto in its series Carlo Alberto Notebooks with number 23.
Length: 9 pages
Date of creation: 2006
Date of revision:
Application Costs; Matching Markets; Implementation.;
Find related papers by JEL classification:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
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- Alcalde, Jose & Romero-Medina, Antonio, 2000.
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"- Sequential Decisions In The College Admissions Problem,"
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- Alcalde, Jose & Romero-Medina, Antonio, 2005. "Sequential decisions in the college admissions problem," Economics Letters, Elsevier, vol. 86(2), pages 153-158, February.
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