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The Redesign of the Matching Market for American Physicians: Some Engineering Aspects of Economic Design

Roth, Alvin E, Peranson, Elliott·1999·American Economic Review

Abstract

We report on the design of the new clearinghouse adopted by the National Resident Matching Program, which annually fills approximately 20,000 jobs for new physicians. Because the market has complementarities between applicants and between positions, the theory of simple matching markets does not apply directly. However, computational experiments show the theory provides good approximations. Furthermore, the set of stable matchings, and the opportunities for strategic manipulation, are surprisingly small. A new kind of “core convergence” result explains this; that each applicant interviews only a small fraction of available positions is important. We also describe engineering aspects of the design process. (JEL C78, B41, J44)

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Metadata

Authors
Roth, A. E., & Peranson, E.
Venue
American Economic Review
Published
1999-09-01
Volume
89
Issue
4
Pages
748-780
ISSN
0002-8282
OpenAlex
W3123388428
Cited by
756
References
2
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: The Redesign of the Matching Market for American Physicians: Some Engineering Aspects of Economic Design. https://app.cochat.ai/papers/10.1257/aer.89.4.748
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Roth, A. E., & Peranson, E. (1999). The Redesign of the Matching Market for American Physicians: Some Engineering Aspects of Economic Design. American Economic Review. https://doi.org/10.1257/aer.89.4.748

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