【主讲】Soohyung Lee (Sogang University, joint with Ricardo Espinoza and Hector Lopez)
【主题】Endogenous Market Formation:Theory and Evidence from Chilean College Admissions
【时间】2017年5月12日 (周五) 14：30-15：15
【地点】上海财经大学经济学院楼402室
【语言】英文
【摘要】Policy makers around the world have adopted market-design-inspired centralized matching systems for assigning students to public schools. However, the question of whether policy intervention is necessary for such adoptions has been little studied. Examining a setting with application costs and heterogeneity in college quality, we show that sizable application costs and small heterogeneity in college quality may lead to voluntary transition to a centralized matching system. Using the 2012 system change in Chile, we demonstrate the plausibility of our theoretical setting and show that the enlarged pool of colleges in the centralized admission is welfare-improving, particularly for those students facing high application costs.
