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来源类型Working Paper
规范类型报告
DOI10.3386/w29586
来源IDWorking Paper 29586
Inattention and Inequity in School Matching
Stefan F. Bucher; Andrew Caplin
发表日期2021-12-20
出版年2021
语种英语
摘要The attractive properties of the Deferred Acceptance (DA) algorithm rest on the assumption of perfect information. Yet field studies of school matching show that information is imperfect, particularly for disadvantaged students. We model costly strategic learning when schools are ex ante symmetric, agree on their ranking of students, and learning is rationally inattentive. Our analytic solution quantifies how each student’s rank, learning costs and prior beliefs interact to determine their gross and net welfare as well as the extent and form of mistakes they make. In line with the evidence, we find that lower-ranked students are affected disproportionately more by information costs, generally suffering a larger welfare loss than higher-ranked students. Interactions between mechanism design, inattention and inequity are thus of first order importance.
主题Microeconomics ; Game Theory ; Market Structure and Distribution ; Economics of Information
URLhttps://www.nber.org/papers/w29586
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/587260
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GB/T 7714
Stefan F. Bucher,Andrew Caplin. Inattention and Inequity in School Matching. 2021.
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