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The literature on school choice assumes that families can submit a preference list over all the schools they want to be assigned to. However, in many real-life instances families are only allowed to submit a list containing a limited number of schools. Subjects incentives are drastically...
Persistent link: https://www.econbiz.de/10010547189
Affirmative-action policies bias tournament rules in order to provide equal opportunities to a group of competitors who have a disadvantage they cannot be held responsible for. Critics argue that they distort incentives, resulting in lower individual performance, and that the selected pool of...
Persistent link: https://www.econbiz.de/10010547484
's predictions with an experiment. We administer different treatments that vary beliefs over payoffs and opponents, as well as … beliefs over opponents' beliefs. The results of this experiment, which are not accounted for by current models of reasoning in …
Persistent link: https://www.econbiz.de/10010851323
We study the effectiveness of leaders for inducing coordinated organizational change to a more efficient equilibrium, i.e., a turnaround. We compare communication from leaders to incentive increases and also compare the effectiveness of randomly selected and elected leaders. While all...
Persistent link: https://www.econbiz.de/10010851357
pre-auction for the right-of-first-refusal. This is true even when the ex ante stronger supplier wins this pre-auction for …
Persistent link: https://www.econbiz.de/10010950602
procurement auction. When the buyer has no such ability, their joint surplus can be increased by an agreement which grants to the … and a reserve price in the procurement auction based on that cost. …
Persistent link: https://www.econbiz.de/10010547160
optimal auction, the first price auction and the second price auction. …
Persistent link: https://www.econbiz.de/10010547314
of the object, and must decide how much information to reveal prior to the auction. We show that the auctioneer has …
Persistent link: https://www.econbiz.de/10010547390
participants in the auction. We find that both the optimal and the efficient level of information increase with the number of … participants in the auction, and both converge when the number of bidders goes to infinity. …
Persistent link: https://www.econbiz.de/10010547489
We extend Aumann's theorem [Aumann 1987], deriving correlated equilibria as a consequence of common priors and common knowledge of rationality, by explicitly allowing for non-rational behavior. We replace the assumption of common knowledge of rationality with a substantially weaker one, joint...
Persistent link: https://www.econbiz.de/10010851330