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The B.E. Journal of Theoretical Economics

Editor-in-Chief: Schipper, Burkhard

Ed. by Fong, Yuk-fai / Peeters, Ronald / Puzzello , Daniela / Rivas, Javier / Wenzelburger, Jan


IMPACT FACTOR increased in 2015: 0.412
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Online
ISSN
1935-1704
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Implementation of the Core in College Admissions Problems When Colleagues Matter

Serkan Kucuksenel1

1Middle East Technical University,

Citation Information: The B.E. Journal of Theoretical Economics. Volume 11, Issue 1, ISSN (Online) 1935-1704, DOI: 10.2202/1935-1704.1772, September 2011

Publication History

Published Online:
2011-09-02

This paper presents mechanisms implementing the core correspondence of many-to-one matching markets, such as college admissions problems, where the students have preferences over the other students who would attend the same college. We first present a sequential mechanism implementing the core. We then show that simple two-stage mechanisms, which mimics the real-life processes, cannot be used to implement the core correspondence in subgame perfect Nash equilibrium even with strong assumptions on agents’ preferences.

Keywords: college admissions problem; core; implementation

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