Abstract
We present an experimental study of three school choice mechanisms under complete information, using the designed environment in Chen & Sonmez (2006). We find that the top trading cycles (TTC) mechanism outperforms both the Gale-Shapley deferred acceptance (DA) and the Boston immediate acceptance (BOS) mechanism in terms of truth-telling and efficiency, whereas DA is more stable than either TTC or BOS. Compared to the incomplete information setting in Chen & Sonmez (2006), the performance of both TTC and BOS improves with more information, whereas that of DA does not.
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