Application Costs and Congestion in Matching Markets
YingHua He and
Post-Print from HAL
A matching market often requires recruiting agents, or ‘programmes', to costly screen ‘applicants', and congestion increases with the number of applicants to be screened. We investigate the role of application costs : higher costs reduce congestion by discouraging applicants from applying to certain programmes; however, they may harm match quality. In a multiple-elicitation experiment conducted in a real-life matching market, we implement variants of the Gale-Shapley deferred-acceptance mechanism with different application costs. Our experimental and structural estimates show that a (low) application cost effectively reduces congestion without harming match quality.
Keywords: Gale-Shapley Deferred Acceptance Mechanism; Costly Preference Formation; Screening; Stable Matching; Congestion; Matching Market Design (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-des and nep-exp
Note: View the original document on HAL open archive server: https://hal.science/hal-03979233
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Published in The Economic Journal, 2022, 132 (648), pp.2918-2950. ⟨10.1093/ej/ueac038⟩
Downloads: (external link)
Journal Article: Application Costs and Congestion in Matching Markets (2022)
Working Paper: Application Costs and Congestion in Matching Markets (2020)
Working Paper: Application Costs and Congestion in Matching Markets (2019)
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:hal:journl:hal-03979233
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().