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Essays in Matching Markets

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서명/저자사항Essays in Matching Markets.
개인저자Sullivan, Colin D.
단체저자명University of Pennsylvania. Applied Economics.
발행사항[S.l.]: University of Pennsylvania., 2019.
발행사항Ann Arbor: ProQuest Dissertations & Theses, 2019.
형태사항158 p.
기본자료 저록Dissertations Abstracts International 81-03A.
Dissertation Abstract International
ISBN9781085628846
학위논문주기Thesis (Ph.D.)--University of Pennsylvania, 2019.
일반주기 Source: Dissertations Abstracts International, Volume: 81-03, Section: A.
Advisor: Kessler, Judd B.
이용제한사항This item must not be sold to any third party vendors.This item must not be added to any third party search indexes.
요약I present two experiments exploring failures in matching markets. In the first experiment, I introduce a new experimental paradigm to evaluate employer preferences, called Incentivized Resume Rating (IRR). Employers evaluate resumes they know to be hypothetical in order to be matched with real job seekers, preserving incentives while avoiding the deception necessary in audit studies. I deploy IRR with employers recruiting college seniors from a prestigious school, randomizing human capital characteristics and demographics of hypothetical candidates. I measure both employer preferences for candidates and employer beliefs about the likelihood candidates will accept job offers, avoiding a typical confound in audit studies. I discuss the costs, benefits, and future applications of this new methodology.In the second experiment, I examine out-of-equilibrium truth-telling in strategic matching markets. In two-sided settings, market designers tend to advocate for deferred acceptance (DA) over priority mechanisms, even though theory tells us that both types of mechanisms can yield unstable matches in incomplete information equilibrium. However, if match participants on the proposed-to side deviate from equilibrium by truth-telling, then DA yields stable outcomes. In a novel experimental setting, I find out-of-equilibrium truth-telling under DA but not under a priority mechanism, which could help to explain the success of DA in preventing unraveling in the field. I then attempt to explain the difference in behavior across mechanisms by estimating an experience-weighted learning model adapted to this complex strategic environment. I find that initial cognition and willingness to explore new strategies drive the difference in agents' ability to find strategic equilibria.
일반주제명Economics.
Labor economics.
언어영어
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