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Science 14 December 1990:
Vol. 250. no. 4987, pp. 1524 - 1528
DOI: 10.1126/science.2274783
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Articles

Science, Vol 250, Issue 4987, 1524-1528
Copyright © 1990 by American Association for the Advancement of Science

articles

New physicians: a natural experiment in market organization

AE Roth

University of Pittsburgh, PA 15260.

The National Resident Matching Program is a centralized clearinghouse through which new medical graduates in the United States obtain their first positions. The history of this market, from the market failures that the centralized system was designed to address, to the present, is discussed, and a hypothesis about the behavior of such markets is presented. New evidence is then presented from a set of similar centralized markets in the United Kingdom. Because some of these latter markets have failed, while others have succeeded, they provide a natural experiment that permits the hypothesis to be tested. The new evidence also suggests directions in which modifications of existing procedures might be considered.


THIS ARTICLE HAS BEEN CITED BY OTHER ARTICLES:
AOA Symposium. Current State of Fellowship Hiring: Is a Universal Match Necessary? Is It Possible?.
C. D. Harner, A. S. Ranawat, M. Niederle, A. E. Roth, P. J. Stern, S. R. Hurwitz, W. N. Levine, G. P. DeRosa, and S. S. Hu (2008)
J. Bone Joint Surg. Am. 90, 1375-1384
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The Nash equilibrium: A perspective.
C. A. Holt and A. E. Roth (2004)
PNAS 101, 3999-4002
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Effect of a Match on Salaries for Medical Fellows--Reply.
M. Niederle and A. E. Roth (2003)
JAMA 290, 2408
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The Origins, History, and Design of the Resident Match.
A. E. Roth (2003)
JAMA 289, 909-912
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Gale-Shapley Stable Marriage Problem Revisited: Strategic Issues and Applications.
C.-P. Teo, J. Sethuraman, and W.-P. Tan (2001)
Management Science 47, 1252-1267
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The Effects of the Change in the NRMP Matching Algorithm.
A. E. Roth and E. Peranson (1997)
JAMA 278, 729-732
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Smart Computer-Assisted Markets.
K. A. MCCABE, S. J. RASSENTI, and V. L. SMITH (1991)
Science 254, 534-538
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Mathematician, Heal Thyself.
B. C. (1991)
Science 252, 503
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