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Matching with property rights: an application to Korean teacher transfer program

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  • Jinyong Jeong

    (Liaoning University)

Abstract

I model a teacher transfer program in South Korea as a matching-with-contracts problem. The current (non-centralized) system allows a teacher wishing to make an inter-state transfer to submit, at most, one application and will approve only a one-to-one exchange. Consequently, not only is this current system unstable and inefficient, but it also does not adequately reflect the teachers’ preferences. In contrast, the centralized mechanism I propose fully represents teachers’ preferences and is less wasteful. One key requirement of a teacher transfer program is that it must protect the rights of currently existing teachers who wish to transfer from their current positions, perhaps to satisfy familial needs, for only a short period of time. However, as I demonstrate, no stable mechanism exists that guarantee protection for the rights of such teachers to the positions they currently occupy. To solve this problem, I introduce a novel concept called a claim contract. A claim contract, in a matching-with-contracts model, protects current teachers by removing contracts that do not match the specified duration set by these teachers from the set of potential matches. In this paper, I propose a new mechanism, based on a claim contract, that is strategy-proof and approximates stable matching.

Suggested Citation

  • Jinyong Jeong, 2021. "Matching with property rights: an application to Korean teacher transfer program," Review of Economic Design, Springer;Society for Economic Design, vol. 25(3), pages 139-156, September.
  • Handle: RePEc:spr:reecde:v:25:y:2021:i:3:d:10.1007_s10058-021-00245-8
    DOI: 10.1007/s10058-021-00245-8
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Matching with property rights; Matching with contract; Claim contract; Teacher assignment;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • I20 - Health, Education, and Welfare - - Education - - - General

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