Project description
Enhancing the design of assignment markets
Various real-world market assignments involve limited or no monetary exchange, and often interact with external opportunities. Examples include the allocation of teachers to public schools, children to day care centres, kidneys to patients and social housing to low-income citizens. However, our understanding of how these multiple opportunities interact with the assignment procedure is limited. Using novel datasets from these four markets, the ERC-funded MADPART project aims to bridge this knowledge gap and refine the design of assignment markets in the presence of outside options. It will first examine how outside options discourage market participation and impede policy objectives, particularly the effect of participation-blind procedures. Then, it will develop comprehensive designs to improve how these markets function.
Objective
Market Design combines theoretical and empirical methods to design, analyze, and enhance real-world assignment markets. Many of these markets involve limited or no monetary transfers: civil servants (e.g. teachers), daycare placement for children, organ allocation for patients and so on. These markets often interact with external opportunities or themselves over time. For example, a patient in need of a kidney may have multiple treatment options, families must choose from various childcare alternatives, or public school teachers may request multiple transfers throughout their careers. However, we have a limited knowledge about how these multiple opportunities interact with the assignment procedure. Incorporating such options into the design of these markets is challenging due to data limitations as well as the complexity of the models.
The MADPART project aims to address these challenges by understanding and improving the design of assignment markets in the presence of outside options. It has two primary objectives: 1) Investigating how outside options discourage market participation and undermine policy objectives, specifically exploring how participation-blind procedures contribute to these losses. 2) Identifying novel and innovative designs that enhance the functioning of these markets. This will be achieved through the combination of advanced theoretical models and cutting-edge empirical methods. The project will leverage unique and novel datasets from four assignment markets: the allocation of public school teachers to schools, children to public daycares, kidneys to patients, and social housing allocation. These markets exhibit dynamic interactions with external options.
The outcomes of the project will give a more comprehensive and deeper understanding of assignment markets and potentially lead to significant policy innovations.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.1.1 - European Research Council (ERC)
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Topic(s)
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Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
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Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-ERC - HORIZON ERC Grants
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2024-STG
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
91128 PALAISEAU CEDEX
France
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