Template-type: ReDIF-Paper 1.0
Author-Name: Carmelo Rodríguez-Álvarez 
Author-Workplace-Name: Instituto Complutense de Análisis Económico. Universidad Complutense de Madrid
Author-Name: Antonio Romero Medina
Author-Workplace-Name: Department of Economics. Universidad Carlos III de Madrid
Title: School Choice with Transferable Students Characteristics
Abstract: We consider a school choice problem where schools' priorities depend on transferable students' 
	characteristics. A school choice algorithm selects for each profile of students' preferences over 
	schools an assignment of students to schools and a final allocation of characteristics (an extended 
	matching). We define the Student Exchange with Transferable Characteristics (SETC) class of algorithms. 
	Each SETC always selects a constrained efficient extended matching. That is an extended matching that 
	i) is stable according to the priorities generated by the final allocation of characteristics and ii) 
	is not Pareto dominated by another stable extended matching. Every constrained efficient extended 
	matching that Pareto improves upon a stable extended matching can be obtained via an algorithm in the 
	SETC class. When students' characteristics are fully transferable, a specific algorithm in the SETC 
	family is equivalent to the application of the Top Trade Cycle Algorithm starting from the Student 
	Optimal Stable Matching.
Classification-JEL: C78, D61, D78, I20.
Keywords: School Choice; Transferable Characteristics; Priorities; Constrained Efficiency.
Length: 30 pages 
Creation-Date: 2020-07
Number: 2020-04
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/doicae2004.txt
File-URL: https://eprints.ucm.es/id/eprint/61990/1/2004_New%20version%202022.pdf
File-Format: Application/pdf
Handle: RePEc:ucm:doicae:2004