The Ramón y Cajal Program promotes the hiring of top researchers in Spanish R&D centers and academic institutions. The centralized mechanism associated to the Program is analyzed. The paper models it as a two-sided matching market and studies if it provides the incentives to increase the...

This paper considers a realistic family of admission mechanisms, with multiple applications and application costs. Multiple applications impose serious coordination problems to colleges, but application costs restore stability. Without application costs and under incomplete information unstable...