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Redesigning the Israeli Psychology Master's Match

Author

Listed:
  • Avinatan Hassidim
  • Assaf Romm
  • Ran I. Shorrer

Abstract

We report on the centralization of a two-sided matching-with-contracts market, in which pre-existing choice functions violate the substitutes condition. The ability to accommodate these choice functions was critical for the success of our design. The new mechanism is stable and strategy-proof for applicants. It is well accepted by both sides of the market. Our study provides a strong empirical validation for the practical relevance of recent theoretical advances on matching without substitutes.

Suggested Citation

  • Avinatan Hassidim & Assaf Romm & Ran I. Shorrer, 2017. "Redesigning the Israeli Psychology Master's Match," American Economic Review, American Economic Association, vol. 107(5), pages 205-209, May.
    • Handle: RePEc:aea:aecrev:v:107:y:2017:i:5:p:205-09
    Note: DOI: 10.1257/aer.p20171048
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    References listed on IDEAS

    as
    1. Kominers, Scott Duke & Sönmez, Tayfun, 2016. "Matching with slot-specific priorities: theory," Theoretical Economics, Econometric Society, vol. 11(2), May.
    2. Roth, Alvin E & Xing, Xiaolin, 1997. "Turnaround Time and Bottlenecks in Market Clearing: Decentralized Matching in the Market for Clinical Psychologists," Journal of Political Economy, University of Chicago Press, vol. 105(2), pages 284-329, April.
    3. Tayfun Sönmez, 2013. "Bidding for Army Career Specialties: Improving the ROTC Branching Mechanism," Journal of Political Economy, University of Chicago Press, vol. 121(1), pages 186-219.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Kyle Greenberg & Parag A. Pathak & Tayfun Sönmez, 2020. "Mechanism Design meets Priority Design: Redesigning the US Army’s Branching Process Through Market Design," Boston College Working Papers in Economics 1035, Boston College Department of Economics.
    2. Yannai A. Gonczarowski & Lior Kovalio & Noam Nisan & Assaf Romm, 2019. "Matching for the Israeli "Mechinot" Gap-Year Programs: Handling Rich Diversity Requirements," Papers 1905.00364, arXiv.org, revised Aug 2020.
    3. Jonathan Ma & Scott Duke Kominers, 2018. "Bundling Incentives in (Many-to-Many) Matching with Contracts," Harvard Business School Working Papers 19-011, Harvard Business School.
    4. Yash Kanoria & Seungki Min & Pengyu Qian, 2020. "The Competition for Partners in Matching Markets," Papers 2006.14653, arXiv.org, revised Jan 2023.
    5. Scott Duke Kominers & Alexander Teytelboym & Vincent P Crawford, 2017. "An invitation to market design," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(4), pages 541-571.
    6. Meisner, Vincent & von Wangenheim, Jonas, 2019. "School Choice and Loss Aversion," Rationality and Competition Discussion Paper Series 208, CRC TRR 190 Rationality and Competition.
    7. Vincent Meisner & Jonas von Wangenheim, 2022. "Loss aversion in strategy-proof school-choice mechanisms," Papers 2207.14666, arXiv.org.
    8. Meisner, Vincent & von Wangenheim, Jonas, 2023. "Loss aversion in strategy-proof school-choice mechanisms," Journal of Economic Theory, Elsevier, vol. 207(C).
    9. Alex Rees-Jones & Ran Shorrer & Chloe J. Tergiman, 2020. "Correlation Neglect in Student-to-School Matching," NBER Working Papers 26734, National Bureau of Economic Research, Inc.
    10. Schlegel, Jan Christoph, 2020. "Equivalent choice functions and stable mechanisms," Games and Economic Behavior, Elsevier, vol. 123(C), pages 41-53.
    11. Meisner, Vincent, 2021. "Report-Dependent Utility and Strategy-Proofness," Rationality and Competition Discussion Paper Series 289, CRC TRR 190 Rationality and Competition.
    12. Avinatan Hassidim & Assaf Romm & Ran I. Shorrer, 2021. "The Limits of Incentives in Economic Matching Procedures," Management Science, INFORMS, vol. 67(2), pages 951-963, February.
    13. Kyle Greenberg & Parag A. Pathak & Tayfun Sonmez, 2021. "Mechanism Design meets Priority Design: Redesigning the US Army's Branching Process," Papers 2106.06582, arXiv.org.
    14. Hai Nguyen & Thành Nguyen & Alexander Teytelboym, 2021. "Stability in Matching Markets with Complex Constraints," Management Science, INFORMS, vol. 67(12), pages 7438-7454, December.

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    More about this item

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law

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