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A new Pareto efficient school choice mechanism

Author

Listed:
  • Yajing Chen

    (Graduate School of Economics, Waseda University)

Abstract

This paper proposes a new school choice mechanism called the recursive Boston mechanism (RBM), which is similar to the well-known Boston mechanism. While the Boston mechanism considers the reduced problem of the original problem after removing students and their assignments in the previous step, RBM considers the subproblem. We show that RBM does not satisfy strategy-proofness and stability, but satisfies Pareto efficiency. Moreover, the set of Nash equilibrium outcomes of the preference revelation game induced by RBM is equivalent to the set of stable matchings with respect to the true preferences of students.

Suggested Citation

  • Yajing Chen, 2013. "A new Pareto efficient school choice mechanism," Economics Bulletin, AccessEcon, vol. 33(1), pages 271-277.
    • Handle: RePEc:ebl:ecbull:eb-12-00508
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2013/Volume33/EB-13-V33-I1-P26.pdf
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    References listed on IDEAS

    as
    1. Fuhito Kojima & M. Utku Ünver, 2010. "The 'Boston' School-Choice Mechanism," Boston College Working Papers in Economics 729, Boston College Department of Economics, revised 08 Oct 2010.
    2. 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.
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    More about this item

    Keywords

    School choice; Recursive Boston mechanism; Pareto efficiency;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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