Simple mechanisms to implement the core of college admissions problems
AbstractThis paper provides three simple mechanisms to implement allocations in the core of matching markets. We analyze some sequential mechanisms which mimic matching procedures for many-to-one real life matching markets. We show that only core allocations should be attained when agents act strategically faced with these mechanisms. Two mechanisms implement the core correspondence in SPE, whereas the third implements the students' optimal stable solution.
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Bibliographic InfoPaper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 1996-13.
Length: 28 pages
Date of creation: Oct 1996
Date of revision:
Publication status: Published by Ivie
College admissions problems; mechanism design;
Other versions of this item:
- Alcalde, Jose & Romero-Medina, Antonio, 2000. "Simple Mechanisms to Implement the Core of College Admissions Problems," Games and Economic Behavior, Elsevier, vol. 31(2), pages 294-302, May.
- 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
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Alcalde, Jose, 1996.
"Implementation of Stable Solutions to Marriage Problems,"
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Springer, vol. 4(3), pages 417-35, May.
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- Tayfun Sönmez & Tarik Kara, 1997. "Implementation of college admission rules (*)," Economic Theory, Springer, vol. 9(2), pages 197-218.
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833, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Jackson, Matthew O, 1992. "Implementation in Undominated.Strategies: A Look at Bounded Mechanisms," Review of Economic Studies, Wiley Blackwell, vol. 59(4), pages 757-75, October.
- Alcalde, Jose & Perez-Castrillo, David & Romero-Medina, Antonio, 1998.
"Hiring Procedures to Implement Stable Allocations,"
Journal of Economic Theory,
Elsevier, vol. 82(2), pages 469-480, October.
- Roth, Alvin E., 1985. "The college admissions problem is not equivalent to the marriage problem," Journal of Economic Theory, Elsevier, vol. 36(2), pages 277-288, August.
- Antonio Romero-Medina, 1998. "Implementation of stable solutions in a restricted matching market," Review of Economic Design, Springer, vol. 3(2), pages 137-147.
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