School choice with asymmetric information: Priority design and the curse of acceptance

Author:

Kloosterman Andrew1,Troyan Peter1

Affiliation:

1. Department of Economics, University of Virginia

Abstract

We generalize standard school choice models to allow for interdependent preferences and differentially informed students. We show that, in general, the commonly used deferred acceptance mechanism is no longer strategy‐proof, the outcome is not stable, and may make less informed students worse off. We attribute these results to a curse of acceptance. However, we also show that if priorities are designed appropriately, positive results are recovered: equilibrium strategies are simple, the outcome is stable, and less informed students are protected from the curse of acceptance. Our results have implications for the current debate over priority design in school choice.

Publisher

The Econometric Society

Subject

General Economics, Econometrics and Finance

Cited by 7 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Limited Strategic Thinking and the Cursed Match;American Economic Journal: Microeconomics;2024-08-01

2. School choice with costly information acquisition;Games and Economic Behavior;2024-01

3. Matching with Incomplete Information;SSRN Electronic Journal;2023

4. School choice;Handbook of the Economics of Education;2023

5. Evaluating School Priorities for Equal Opportunity in Admission to Schools;Journal of School Choice;2022-10-25

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