The Redesign of the Matching Market for American Physicians: Some Engineering Aspects of Economic Design

S-Tier
Journal: American Economic Review
Year: 1999
Volume: 89
Issue: 4
Pages: 748-780

Authors (2)

Elliott Peranson (not in RePEc) Alvin E. Roth (Stanford University)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 good 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.

Technical Details

RePEc Handle
repec:aea:aecrev:v:89:y:1999:i:4:p:748-780
Journal Field
General
Author Count
2
Added to Database
2026-01-29