The redesign of the matching market for American physicians: Some engineering aspects of economic design
The redesign of the matching market for American physicians: Some engineering aspects of economic design
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DOI:
10.1257/aer.89.4.748
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发表时间:
1999-09-01
影响因子:
10.7
通讯作者:
Peranson, E
中科院分区:
文献类型:
--
作者:
Roth, AE;Peranson, E
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 goad 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).