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Decentralized college admissions under single application

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  • Somouaoga Bonkoungou

    (National Research University Higher School of Economics)

Abstract

This paper studies a decentralized college admissions game with single application motivated by college admissions in many countries such as Japan, Russia, South Korea and United States. Students sequentially apply to colleges, one application for each student, and commit to attend whenever they are admitted. We introduce a natural equilibrium refinement and describe the equilibrium behavior. It is a simple strategy that consists of running the well-known student-proposing deferred acceptance algorithm (DA) for modified preferences. Students and colleges are divided along the outcome of DA. Students find the outcome of every equilibrium at least as good as the outcome of DA, and colleges find the outcome of DA at least as good as the outcome of every equilibrium.

Suggested Citation

  • Somouaoga Bonkoungou, 2021. "Decentralized college admissions under single application," Review of Economic Design, Springer;Society for Economic Design, vol. 25(1), pages 65-91, June.
    • Handle: RePEc:spr:reecde:v:25:y:2021:i:1:d:10.1007_s10058-020-00241-4
    DOI: 10.1007/s10058-020-00241-4
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    Cited by:

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    More about this item

    Keywords

    College admission; Decentralized market; Deferred acceptance; Subgame perfect equilibrium; Refinement;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • I29 - Health, Education, and Welfare - - Education - - - Other

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