Incompatibility between stability and consistency

C-Tier
Journal: Economics Letters
Year: 2017
Volume: 150
Issue: C
Pages: 135-137

Authors (2)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

Stability is a main concern in the school choice problem. However, it does not come for free. The literature shows that stability is incompatible with Pareto efficiency. Nevertheless, it has been ranked over Pareto efficiency by many school districts, and thereof, they are using stable mechanisms. In this note, we reveal another important cost of stability: “consistency”, which is a robustness property that requires from a mechanism that whenever some students leave the problem along with their assignments, the remaining students’ assignments do not change after running the mechanism in the smaller problem. Consequently, we show that no stable mechanism is consistent.

Technical Details

RePEc Handle
repec:eee:ecolet:v:150:y:2017:i:c:p:135-137
Journal Field
General
Author Count
2
Added to Database
2026-01-24