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Re-Reforming the Bostonian System: A Novel Approach to the Schooling Problem

  • Alcalde, Jose
  • Romero-Medina, Antonio

This paper proposes the notion of E-stability to conciliate Pareto efficiency and fairness. We propose the use of a centralized procedure, the Exchanging Places Mechanism. It endows students a position according with the Gale and Shapley students optimal stable matching as tentative allocation and allows the student to trade their positions. We show that the final allocation is E-stable, i.e. efficient, fair and immune to any justifiable objection that students can formulate.

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File URL: https://mpra.ub.uni-muenchen.de/28206/1/MPRA_paper_28206.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 28206.

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Date of creation: 18 Jan 2011
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Handle: RePEc:pra:mprapa:28206
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  1. Sönmez, Tayfun & Pathak, Parag A. & Abdulkadiroglu, Atila & Roth, Alvin, 2005. "The Boston Public School Match," Scholarly Articles 2562764, Harvard University Department of Economics.
  2. Haluk Ergin & Tayfun Sönmez, 2005. "Games of School Choice under the Boston Mechanism," Boston College Working Papers in Economics 619, Boston College Department of Economics.
  3. José Alcalde, 1995. "Exchange-Proofness or Divorce-Proofness? Stability in One-Sided Matching Markets," Working Papers. Serie AD 1995-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  4. Atila Abdulkadiroglu & Parag A. Pathak & Alvin E. Roth & Tayfun Sönmez, 2006. "Changing the Boston School Choice Mechanism," Levine's Bibliography 122247000000001022, UCLA Department of Economics.
  5. Aytek Erdil & Haluk Ergin, 2007. "What`s the Matter with Tie-breaking? Improving Efficiency in School Choice," Economics Series Working Papers 349, University of Oxford, Department of Economics.
  6. Shapley, Lloyd & Scarf, Herbert, 1974. "On cores and indivisibility," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 23-37, March.
  7. Balinski, Michel & Sonmez, Tayfun, 1999. "A Tale of Two Mechanisms: Student Placement," Journal of Economic Theory, Elsevier, vol. 84(1), pages 73-94, January.
  8. Onur Kesten, 2010. "School Choice with Consent," The Quarterly Journal of Economics, MIT Press, vol. 125(3), pages 1297-1348, August.
  9. ALCADE-UNZU, Jorge & MOLIS, Elena, . "Exchange of indivisible goods and indifferences: the top trading absorbing sets mechanisms," CORE Discussion Papers RP 2331, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  10. Atila Abdulkadiroglu & Tayfun Sönmez, 2003. "School Choice: A Mechanism Design Approach," American Economic Review, American Economic Association, vol. 93(3), pages 729-747, June.
  11. Alcalde, Jose, 1996. "Implementation of Stable Solutions to Marriage Problems," Journal of Economic Theory, Elsevier, vol. 69(1), pages 240-254, April.
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