Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/8582
Title: Ex-Ante Welfare Superiority of the Boston Mechanism Over the Deferred Acceptance Mechanism
Authors: Akyol, Ethem
Keywords: School choice
Deferred acceptance mechanism
Boston mechanism
Incomplete information
Bayesian incentive compatibility
Ex-ante welfare
D82
D47
School Choice
Auctions
Stability
Interim
Games
Issue Date: 2022
Publisher: Springer Birkhauser
Source: Akyol, E. (2022). Ex-Ante Welfare Superiority of the Boston Mechanism Over the Deferred Acceptance Mechanism. Dynamic Games and Applications, 1-32.
Abstract: We compare two widely used allocation methods for assigning students to schools-the deferred acceptance (DA) mechanism and the Boston mechanism-in terms of students' welfare under a symmetric incomplete information setting in which each student's school preferences are privately known. We assume that each student's type, which is the vector of cardinal values they derive from attending each school, is independently drawn, and each possible strict ranking of schools is equally likely for each student. Furthermore, all schools have an identical student priority order, which is unknown to students. When there are three schools with equal numbers of available seats, we analytically derive the probability difference between the Boston and DA mechanisms of obtaining the first, second, and third choices. Furthermore, we show that the Boston mechanism is ex-ante welfare superior to the DA mechanism under weak conditions on the distribution of valuations when each student's value for each school is independently drawn from an identical distribution.
URI: https://doi.org/10.1007/s13235-022-00446-y
https://hdl.handle.net/20.500.11851/8582
ISSN: 2153-0785
2153-0793
Appears in Collections:İktisat Bölümü / Department of Economics
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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