Maintaining Diversity in Student Exchange

23 Pages Posted: 6 Apr 2022

See all articles by Umut Dur

Umut Dur

North Carolina State University

Onur Kesten

University of Sydney

M. Utku Ünver

Boston College - Department of Economics

Date Written: April 1, 2015

Abstract

In Europe, every year more than 200,000 college students study in different countries thanks to the Erasmus Student Exchange program. The program aims to improve the integration all around Europe. Although this exchange program is successful in many dimensions, it has two major drawbacks. First of all, the number of exchange students imported and exported by countries are not balanced. Unbalanced exchange causes a financial burden for countries that are importing more exchange students than their exports. Secondly, we do not observe diversity among the exchange students. That is, certain countries are exchanging students mainly with each other. To solve these two problems observed in the current practice, we propose a version of the Top Trading Cycles and Chains (TTCC) mechanism. We show that our mechanism solves these observed problems while satisfying constrained efficiency, strategy-proofness, and fairness. Moreover, TTCC may increase the number of students benefiting from the Erasmus program. To our knowledge, this is the first application of the TTCC mechanism to the many to one market, and this is the first paper solving distributional constraints via the Top Trading Cycles type mechanism.

Suggested Citation

Dur, Umut and Kesten, Onur and Ünver, M. Utku, Maintaining Diversity in Student Exchange (April 1, 2015). Available at SSRN: https://ssrn.com/abstract=4064921 or http://dx.doi.org/10.2139/ssrn.4064921

Umut Dur

North Carolina State University ( email )

Hillsborough Street
Raleigh, NC 27695
United States

Onur Kesten

University of Sydney ( email )

University of Sydney
Sydney, NSW 2006
Australia

M. Utku Ünver (Contact Author)

Boston College - Department of Economics ( email )

140 Commonwealth Avenue
Chestnut Hill, MA 02467
United States

HOME PAGE: http://sites.bc.edu/utku-unver

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