consider the notion of "efficient" partition that minimizes the total policy-related costs and aggregate personalized costs. We … (belonging to the partition or not) has an incentive to break away from the rest and to set its own policy. Our main result is … that, with a unidimensional policy space and single-peaked personalized costs, every efficient partition is sustainable. We …

This paper analyses the efficiency of the equilibrium allocation in a matching model with two types of workers and jobs … production technologies. Finally, in an extension we derive a tax scheme that restores efficiency and we show how workers …

maximum matching can avoid this risk and enjoy higher payoffs than inessential players. Although the search for partners is …

difference-in-differences estimation with matching, we show that the performance of the acquirer improves significantly following … an acquisition. By controlling for the – typically weaker – efficiency of the target, we also estimate the overall … efficiency gain. Our results indicate that acquisitions are powerful tools to improve efficiency in the Hungarian economy. The …

difference-in-differences estimation with matching, we show that the performance of the acquirer improves significantly following … an acquisition. By controlling for the - typically weaker - efficiency of the target, we also estimate the overall … efficiency gain. Our results indicate that acquisitions are powerful tools to improve efficiency in the Hungarian economy. The …