Abstract

http://ssrn.com/abstract=1079525
 
 

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Course Bidding at Business Schools


Tayfun Sonmez


Boston College - Department of Economics

M. Utku Ünver


Boston College - Department of Economics

December 30, 2007


Abstract:     
Mechanisms that rely on course bidding are widely used at Business Schools in order to allocate seats at oversubscribed courses. Bids play two key roles under these mechanisms to infer student preferences and to determine who have bigger claims on course seats. We show that these two roles may easily conflict and preferences induced from bids may significantly differ from the true preferences. Therefore these mechanisms which are promoted as market mechanisms do not necessarily yield market outcomes. We introduce a Pareto-dominant market mechanism that can be implemented by asking students for their preferences in addition to their bids over courses.

Number of Pages in PDF File: 38

Keywords: Course Allocation, Matching, Market Design, Deferred Acceptance

JEL Classification: C71, C78, D71, D78

working papers series


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Date posted: January 1, 2008 ; Last revised: October 16, 2008

Suggested Citation

Sonmez, Tayfun and Ünver, M. Utku, Course Bidding at Business Schools (December 30, 2007). Available at SSRN: http://ssrn.com/abstract=1079525 or http://dx.doi.org/10.2139/ssrn.1079525

Contact Information

Tayfun Oguz Sonmez
Boston College - Department of Economics ( email )
140 Commonwealth Avenue
Chestnut Hill, MA 02467
United States
Utku Unver (Contact Author)
Boston College - Department of Economics ( email )
140 Commonwealth Ave.
Chestnut Hill, MA 02467
United States
+1 (617) 552 2217 (Phone)
+1 (617) 552 2318 (Fax)
HOME PAGE: http://www2.bc.edu/~unver
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