Non-revelation mechanisms in many-to-one markets Articles uri icon

publication date

  • September 2014

start page

  • 624

end page

  • 630

volume

  • 87

International Standard Serial Number (ISSN)

  • 0899-8256

Electronic International Standard Serial Number (EISSN)

  • 1090-2473

abstract

  • In this study we present a simple mechanism in a many-to-one matching market where multiple costless applications are allowed. The mechanism is based on the principles of eligibility and priority and it implements the set of stable matchings in Subgame Perfect Nash Equilibrium. We extend the analysis to a symmetric mechanism where colleges and students interchange their roles. This mechanism also implements the set of stable matchings.

subjects

  • Economics

keywords

  • sequential mechanisms; stable outcomes; multiple applications; irreversibility