Learning and Mechanism Design: An Experimental Test of School Matching Mechanisms with Intergenerational Advice

A-Tier
Journal: Economic Journal
Year: 2019
Volume: 129
Issue: 623
Pages: 2779-2804

Authors (2)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

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

Abstract

While the mechanisms that economists design are typically static, one-shot games, in the real world, mechanisms are used repeatedly by generations of agents who engage in them for a short period of time and then pass on advice to their successors. Hence, behaviour evolves via social learning and may diverge dramatically from that envisioned by the designer. We demonstrate that this is true of school matching mechanisms—even those for which truth-telling is a dominant strategy. Our results indicate that experience with an incentive-compatible mechanism may not foster truthful revelation if that experience is achieved via social learning.

Technical Details

RePEc Handle
repec:oup:econjl:v:129:y:2019:i:623:p:2779-2804.
Journal Field
General
Author Count
2
Added to Database
2026-01-29