COURSE BIDDING AT BUSINESS SCHOOLS*
研究了商学院课程竞标机制中，出价同时用于推断学生偏好和决定课程分配权可能导致的冲突，并提出一种帕累托更优的市场机制。
Mechanisms that rely on course bidding are widely used at business schools in order to allocate seats at oversubscribed courses. Bids play two key roles under these mechanisms: to infer student preferences and to determine who have bigger claims on course seats. We show that these two roles may easily conflict, and preferences induced from bids may significantly differ from the true preferences. Therefore, these mechanisms, which are promoted as market mechanisms, do not necessarily yield market outcomes. We introduce a Pareto‐dominant market mechanism that can be implemented by asking students for their preferences in addition to their bids over courses.