Econometrica: Jan 1999, Volume 67, Issue 1

Truncation Strategies in Matching Markets—in Search of Advice for Participants

https://doi.org/10.1111/1468-0262.00002
p. 21-43

Alvin E. Roth, Uriel G. Rothblum

We consider the strategic options facing workers in labor markets with centralized market clearing mechanisms such as those in the entry level labor markets of a number of professions. If workers do not have detailed information about the preferences of other workers and firms, the scope of potentially profitable strategic behavior is considerably reduced, although not entirely eliminated. Specifically, we demonstrate that stating preferences that reverse the true preference order of two acceptable firms is not beneficial in a low information environment, but submitting a truncation of the true preferences may be. This gives some insight into the successful operation of these market mechanisms.

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Supplement to "Best Nonparametric Bounds on Demand Responses"

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Supplement to "Best Nonparametric Bounds on Demand Responses"

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Supplement to "Best Nonparametric Bounds on Demand Responses"

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Supplement to "Best Nonparametric Bounds on Demand Responses"

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Supplement to "Best Nonparametric Bounds on Demand Responses"

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Supplement to "An Economic Model of Friendship: Homophily, Minorities and Segregation"

An analysis of two important issues: one providing a treatment of the friendship formation model when preferences are satiated in the number of friends and a study, in detail, of a model with discrete friendships.

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Supplement to "Financial Innovation and the Transactions Demand for Cash"

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Supplement to "Financial Innovation and the Transactions Demand for Cash"

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Supplement to "The Impact of Uncertainty Shocks"

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Supplement to "Last-in-First-out Oligopoly Dynamics"

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Supplement to "The Impact of Uncertainty Shocks"

Additional figures

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Supplement to "The Role of Information in Repeated Games with Frequent Actions"

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Supplement to "A Parsimonious Macroeconomic Model for Asset Pricing"

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Supplement to "A Parsimonious Macroeconomic Model for Asset Pricing"

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Supplement to "Learning-by-Doing, Organizational Forgetting, and Industry Dynamics"

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Supplement to "Learning-by-Doing, Organizational Forgetting, and Industry Dynamics"

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Supplement to "Noncontractible Heterogeneity in Directed Search"

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Supplement to "Herding and Contrarian Behaviour in Finanicial Markets"

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Supplement to "Timing and Self Control"

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Supplement to "Functional Differencing"

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Supplement to "Functional Differencing"

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Supplement to "From Natural Variation to Optimal Policy? The Importance of Endogenous Peer Group Formation"

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Supplement to "Private Information and Insurance Rejections"

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Supplement to "Private Information and Insurance Rejections"

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Supplement to "Organizing the Global Value Chain"

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Supplement to "Organizing the Global Value Chain"

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Supplement to "Hazardous Times for Monetary Policy: What do Twenty-Three Million Bank Loans Say about the Effects of Monetary Policy on Credit Risk-Taking?"

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Supplement to "Hazardous Times for Monetary Policy: What do Twenty-Three Million Bank Loans Say about the Effects of Monetary Policy on Credit Risk-Taking?"

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Supplement to "Trade Liberalization and Labor Market Dynamics"

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Supplement to "Trade Liberalization and Labor Market Dynamics"

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Supplement to "A Model of the Consumption Response to Fiscal Stimulus Payments"

This appendix is organized as follows.  Section A illustrates another case of wealthy hand to mouth behavior which completes the discussion of Section 4.1 in the main text. Section B contains more details on our definitions of liquid and illiquid wealth from the SCF and on the measurement of hand-to-mouth households.  Section C describes certain steps of the model's calibration omitted from the main text.  Section D contains a robustness analysis on the baseline rebate experiment.  The numerical computation of the model and the simulation of the policy experiments are delineated in Section E.

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Supplement to "A Model of the Consumption Response to Fiscal Stimulus Payments"

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