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Policy Analysis in Matching Markets

Author

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  • Nikhil Agarwal

Abstract

Price and quantity interventions intended to affect assignments are common in many labor and education markets (e.g., financial aid, quotas). This article discusses an empirical framework, based on the theory of stable matching, that is suitable for policy analysis while accounting for the presence of equilibrium sorting. It then compares financial incentives and supply interventions for encouraging the training of family medicine residents in rural America. Due to equilibrium effects, the primary effect of financial incentives is to increase the quality, not numbers, of residents in rural programs, while quantity regulations directly affect numbers without adversely affecting quality.

Suggested Citation

  • Nikhil Agarwal, 2017. "Policy Analysis in Matching Markets," American Economic Review, American Economic Association, vol. 107(5), pages 246-250, May.
    • Handle: RePEc:aea:aecrev:v:107:y:2017:i:5:p:246-50
    Note: DOI: 10.1257/aer.p20171112
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    Citations

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    Cited by:

    1. Gandil, Mikkel Høst, 2021. "Substitution Effects in College Admissions," Memorandum 3/2021, Oslo University, Department of Economics.
    2. TANAKA Mari & NARITA Yusuke & MORIGUCHI Chiaki, 2020. "Meritocracy and Its Discontent: Long-run Effects of Repeated School Admission Reforms," Discussion papers 20002, Research Institute of Economy, Trade and Industry (RIETI).
    3. Vives, Xavier, 2020. "Common ownership, market power, and innovation," International Journal of Industrial Organization, Elsevier, vol. 70(C).
    4. Pettit, Christopher & Crommelin, Laura & Sharam, Andrea & Hulse, Kath & Hayward, Richard Donald, 2018. "The potential of new technologies to disrupt housing policy," SocArXiv t25hr, Center for Open Science.

    More about this item

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations

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