EconPapers    
Economics at your fingertips  
 

The Redesign of the Matching Market for American Physicians: Some Engineering Aspects of Economic Design

Elliott Peranson and Alvin Roth ()

American Economic Review, 1999, vol. 89, issue 4, 748-780

Abstract: We report on the design of the new clearinghouse adopted by the National Resident Matching Program, which annually fills approximately 20,000 jobs for new physicians. Because the market has complementarities between applicants and between positions, the theory of simple matching markets does not apply directly. However, computational experiments show the theory provides good approximations. Furthermore, the set of stable matchings, and the opportunities for strategic manipulation, are surprisingly small. A new kind of "core convergence" result explains this; that each applicant interviews only a small fraction of available positions is important. We also describe engineering aspects of the design process.

JEL-codes: J44 C78 I11 (search for similar items in EconPapers)
Date: 1999
Note: DOI: 10.1257/aer.89.4.748
References: View complete reference list from CitEc
Citations: View citations in EconPapers (211) Track citations by RSS feed

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/aer.89.4.748 (application/pdf)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
Working Paper: The Redesign of the Matching Market for American Physicians: Some Engineering Aspects of Economic Design (1999) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:89:y:1999:i:4:p:748-780

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

 
Page updated 2019-10-18
Handle: RePEc:aea:aecrev:v:89:y:1999:i:4:p:748-780