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Project Citation: 

Budish, Eric, and Cantillon, Estelle. Replication data for: The Multi-unit Assignment Problem: Theory and Evidence from Course Allocation at Harvard. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112547V1

Project Description

Summary:  View help for Summary We use theory and field data to study the draft mechanism used to allocate courses at Harvard Business School. We show that the draft is manipulable in theory, manipulated in practice, and that these manipulations cause significant welfare loss. Nevertheless, we find that welfare is higher than under its widely studied strategyproof alternative. We identify a new link between fairness and welfare that explains why the draft performs well despite the costs of strategic behavior, and then design a new draft that reduces these costs. We draw several broader lessons for market design, regarding Pareto efficiency, fairness, and strategyproofness. (JEL D63, D82, I23)

Scope of Project

Subject Terms:  View help for Subject Terms Matching; Assignment; Combinatorial Allocation; Course Allocation; Survey Data
JEL Classification:  View help for JEL Classification
      D63 Equity, Justice, Inequality, and Other Normative Criteria and Measurement
      D82 Asymmetric and Private Information; Mechanism Design
      I23 Higher Education; Research Institutions
Data Type(s):  View help for Data Type(s) survey data; administrative records data; other:

Methodology

Unit(s) of Observation:  View help for Unit(s) of Observation Truthful and Strategic Preferences,

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