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Identification and Estimation in Many-to-one Two-sided Matching without Transfers

YingHua He, Shruti Sinha, Xiaoting Sun

arXiv 5 Apr 2021 · Econometrics · publishedEconometrica (2024) · 13 citations (OpenAlex)

arXiv:2104.02009 · PDF · DOI · OpenAlex · Extracted main text

Abstract

In a setting of many-to-one two-sided matching with non-transferable utilities, e.g., college admissions, we study conditions under which preferences of both sides are identified with data on one single market. Regardless of whether the market is centralized or decentralized, assuming that the observed matching is stable, we show nonparametric identification of preferences of both sides under certain exclusion restrictions. To take our results to the data, we use Monte Carlo simulations to evaluate different estimators, including the ones that are directly constructed from the identification. We find that a parametric Bayesian approach with a Gibbs sampler works well in realistically sized problems. Finally, we illustrate our methodology in decentralized admissions to public and private schools in Chile and conduct a counterfactual analysis of an affirmative action policy.

Citation extraction

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Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Azevedo, E. M. and J. D. Leshno (2016) A supply and demand framework for two-sided matching markets0.87452100%
2Fack, G., J. Grenet, and Y. He (2019) Beyond Truth-Telling: Preference Estimation with Centralized School Choice and College Admissions0.87452100%
3Agarwal, N (2015) An Empirical Model of the Medical Match0.7374275%
4Abdulkadiro glu, A., N. Agarwal, and P. A. Pathak (2017) The Welfare Effects of Coordinated Assignment: Evidence from the New York City High School Match0.73732100%
5Gazmuri, A (2017) School Segregation in the Presence of Student Sorting and Cream-Skimming0.73732100%
6Diamond, W. and N. Agarwal (2017) Latent indices in assortative matching models0.64441100%
7Artemov, G., Y.-K. Che, and Y. He (2020) Strategic `Mistakes': Implications for Market Design Research, Manuscript0.64422100%
8Agarwal, N. and P. Somaini (2022) Demand Analysis under Latent Choice Constraints, Tech0.64422100%
9Kapor, A. J., C. A. Neilson, and S. D. Zimmerman (2020) Heterogeneous beliefs and school choice mechanisms0.64422100%
10Roth, A. E. and M. Sotomayor (1992) Two-sided matching0.64422100%

Showing the top 10 of 56 scored citations.

Cited by, within the corpus

arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.

Citing paperIntensityMentionsSections
1Social Interactions in Endogenous Groups1.000106
22101.003990.58531
3Stable Matching with Mistaken Agents0.40511
4Exogenous Consideration and Extended Random Utility0.40511