Branch selection is a key decision in a cadet's military career. Cadets at USMA can increase their branch priorities at a fraction of slots by extending their service agreement. This real‐life matching problem fills an important gap in the market design literature, providing strong empirical legitimacy to a series of elegant theoretical works on matching with contracts. Although priorities fail a key substitutes condition, the agent‐optimal stable mechanism is well defined, and in contrast to the current USMA mechanism it is fair, stable, strategy‐proof, and respects improvements in cadet priorities. Adoption of this mechanism benefits cadets and the Army. This new application shows that the matching with contracts model is practically relevant beyond traditional domains that satisfy the substitutes condition.
MLA
Sönmez, Tayfun, and Tobias B. Switzer. “Matching With (Branch‐of‐Choice) Contracts at the United States Military Academy.” Econometrica, vol. 81, .no 2, Econometric Society, 2013, pp. 451-488, https://doi.org/10.3982/ECTA10570
Chicago
Sönmez, Tayfun, and Tobias B. Switzer. “Matching With (Branch‐of‐Choice) Contracts at the United States Military Academy.” Econometrica, 81, .no 2, (Econometric Society: 2013), 451-488. https://doi.org/10.3982/ECTA10570
APA
Sönmez, T., & Switzer, T. B. (2013). Matching With (Branch‐of‐Choice) Contracts at the United States Military Academy. Econometrica, 81(2), 451-488. https://doi.org/10.3982/ECTA10570
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.