School choice under complete information: An experimental study
Yingzhi Liang () and
Tayfun Sönmez ()
Additional contact information
Yingzhi Liang: University of Michigan, USA
The Journal of Mechanism and Institution Design, 2016, vol. 1, issue 1, 45-82
We present an experimental study of three school choice mechanisms under complete information, using the designed environment in Chen & Sönmez (2006). We find that the top trading cycles (TTC) mechanism outperforms both the Gale-Shapley deferred acceptance (DA) and the Boston immediate acceptance (BOS) mechanism in terms of truth-telling and efficiency, whereas DA is more stable than either TTC or BOS. Compared to the incomplete information setting in Chen & Sönmez (2006), the performance of both TTC and BOS improves with more information, whereas that of DA does not.
Keywords: School choice; experiment; mechanism design. (search for similar items in EconPapers)
JEL-codes: C78 C92 D82 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:jmi:articl:jmi-v1i1a2
Access Statistics for this article
More articles in The Journal of Mechanism and Institution Design from Society for the Promotion of Mechanism and Institution Design, University of York Contact information at EDIRC.
Bibliographic data for series maintained by Paul Schweinzer ().