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• W2912607242 abstract "Many institutions use matching algorithms to allocate resources to individuals. Examples include the assignment of doctors, students and military cadets to hospitals, schools and branches, respectively. Oftentimes, agents' ordinal preferences are highly correlated, motivating the use of mechanisms that provide agents with channels through which they can express some cardinal preference information. This paper studies two such mechanisms, one from the field and one we design. In each of the games induced by these algorithms, we identify the strategies that constitute the unique symmetric ex-post equilibrium. Interestingly, when we test the mechanisms in the lab, these equilibrium predictions fail. Subjects nevertheless behave largely in concordance with the mechanisms' intended strategies; the focalization of such strategies lead to greater welfare in relation to a popular existing mechanism." @default.
• W2912607242 created "2019-02-21" @default.
• W2912607242 creator A5048664830 @default.
• W2912607242 creator A5054304312 @default.
• W2912607242 date "2019-03-01" @default.
• W2912607242 modified "2023-09-24" @default.
• W2912607242 title "Designing mechanisms to focalize welfare-improving strategies" @default.
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• W2912607242 doi "https://doi.org/10.1016/j.geb.2019.02.002" @default.
• W2912607242 hasPublicationYear "2019" @default.
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