The DOI matches its Crossref record; 47 of the 47 references it cites were found in a registry or an index.
A Supply and Demand Framework for Two-Sided Matching Markets
Open accessAbstract
This paper develops a price-theoretic framework for matching markets with heterogeneous preferences. The model departs from the Gale and Shapley model by assuming that a finite number of agents on one side (colleges) are matched to a continuum of agents on the other side (students). We show that stable matchings correspond to solutions of supply and demand equations, with the selectivity of each college playing a role similar to that of prices. We apply the model to an analysis of how competition induced by school choice gives schools incentives to invest in quality and to asymptotics of school choice mechanisms.
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Cites
A Pure Theory of Local Expenditures
Tiebout, C. M. (1956) · Journal of Political Economy · doi:10.1086/257839 · Cited by 13,222
Becker, G. S. (1973) · Journal of Political Economy · doi:10.1086/260084 · Cited by 3,484
Assignment Problems and the Location of Economic Activities
Koopmans, T. C., & Beckmann, M. (1957) · Econometrica · doi:10.2307/1907742 · Cited by 2,308
College Admissions and the Stability of Marriage
Gale, D., & Shapley, L. S. (1962) · American Mathematical Monthly · doi:10.2307/2312726 · Cited by 2,082
Why Has CEO Pay Increased So Much?*
Gabaix, X., & Landier, A. (2008) · Quarterly Journal of Economics · doi:10.1162/qjec.2008.123.1.49 · Cited by 1,764
The assignment game I: The core
Shapley, L. S., & Shubik, M. (1971) · International Journal of Game Theory · doi:10.1007/bf01753437 · Cited by 1,682
Markets with a Continuum of Traders
Aumann, R. J. (1964) · Econometrica · doi:10.2307/1913732 · Cited by 1,203
Monopoly, Quality, and Regulation
Spence, A. M. (1975) · The Bell Journal of Economics · doi:10.2307/3003237 · Cited by 1,064
Roth, A. E., & Peranson, E. (1999) · American Economic Review · doi:10.1257/aer.89.4.748 · Cited by 756
A New Solution to the Random Assignment Problem
Bogomolnaia, A., & Moulin, H. (2001) · Journal of Economic Theory · doi:10.1006/jeth.2000.2710 · Cited by 726
Cited by
Are Some Degrees Worth More than Others? Evidence from college admission cutoffs in Chile
Hastings, J., Neilson, C., & Zimmerman, S. (2013) · doi:10.3386/w19241 · Cited by 234
Why Don’t Elite Colleges Expand Supply?
Blair, P., & Smetters, K. (2021) · doi:10.3386/w29309 · Cited by 16
Metadata
- Authors
- Azevedo, E. M., & Leshno, J. D.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 2016-10
- Volume
- 124
- Issue
- 5
- Pages
- 1235-1268
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2520078259
- Cited by
- 312
- References
- 47
- FWCI
- 58.68
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.