Efficiency, Justified Envy, and Incentives in Priority-Based Matching
Atila Abdulkadiroğlu
- Fonction : Auteur
Yeon-Koo Che
- Fonction : Auteur
Parag A. Pathak
- Fonction : Auteur
Alvin E. Roth
- Fonction : Auteur
Olivier Tercieux
- Fonction : Auteur
- PersonId : 1183578
Résumé
Top trading cycles (TTC) is Pareto efficient and strategy-proof in priority-based matching, but so are other mechanisms including serial dictatorship. We show that TTC minimizes justified envy among all Pareto efficient and strategy-proof mechanisms in one-to-one matching. In many-to-one matching, TTC admits less justified envy than serial dictatorship in an average sense. Empirical evidence from New Orleans OneApp and Boston Public Schools shows that TTC has significantly less justified envy than serial dictatorship.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Efficiency, Justified Envy, and Incentives in Priority-Based Matching
|
Résumé |
en
Top trading cycles (TTC) is Pareto efficient and strategy-proof in priority-based matching, but so are other mechanisms including serial dictatorship. We show that TTC minimizes justified envy among all Pareto efficient and strategy-proof mechanisms in one-to-one matching. In many-to-one matching, TTC admits less justified envy than serial dictatorship in an average sense. Empirical evidence from New Orleans OneApp and Boston Public Schools shows that TTC has significantly less justified envy than serial dictatorship.
|
Auteur(s) |
Atila Abdulkadiroğlu
, Yeon-Koo Che
, Parag A. Pathak
, Alvin E. Roth
, Olivier Tercieux
1, 2
1
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
2
PJSE -
Paris Jourdan Sciences Economiques
( 578027 )
- 48 boulevard Jourdan 75014 Paris
- France
|
Page/Identifiant |
425-441
|
Nom de la revue |
|
Volume |
2
|
Numéro |
4
|
Public visé |
Scientifique
|
Langue du document |
Anglais
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2020
|
Domaine(s) |
|
Mots-clés (JEL) |
|
DOI | 10.1257/aeri.20190307 |
UT key WOS | 000672750800002 |
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