Showing 1 - 10 of 71
We propose a smooth multibidding mechanism for environments where a group of agents have to choose one out of several projects (possibly with the help of a social planner). Our proposal is related to the multibidding mechanism (Prez-Castrillo and Wettstein, 2002) but it is smoother in the sense...
Persistent link: https://www.econbiz.de/10010547426
information about governing politicians not available from challengers. Because there are many reasons for high reelection rates …
Persistent link: https://www.econbiz.de/10011115550
We estimate the effect of state judiciary presence on rent extraction in Brazilian local governments. We measure rents as irregularities related to waste or corruption uncovered by auditors. Our unique dataset at the level of individual inspections allows us to separately examine extensive and...
Persistent link: https://www.econbiz.de/10010961554
In many areas of economics there is a growing interest in how expertise and preferences drive individual and group decision making under uncertainty. Increasingly, we wish to estimate such models to quantify which of these drive decision making. In this paper we propose a new channel through...
Persistent link: https://www.econbiz.de/10010851379
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
part of the budget over which politicians exercise discretion in the short run, such as earmarks. Analyzing a revenue …
Persistent link: https://www.econbiz.de/10010555271
We prove a “General Manipulability Theorem” for general one-to-one two-sided matching markets with money. This theorem implies two folk theorems, the Manipulability Theorem and the General Impossibility Theorem, and provides a sort of converse of the Non-Manipulability Theorem (Demange,...
Persistent link: https://www.econbiz.de/10010851337
We propose a simple criterion to compare generalized median voter schemes according to their manipulability. We identify three necessary and sufficient conditions for the comparability of two generalized median voter schemes in terms of their vulnerability to manipulation. The three conditions...
Persistent link: https://www.econbiz.de/10010851361
We observe that three salient solutions to matching, division and house allocation problems are not only (partially) strategy-proof, but (partially) group strategy-proof as well, in appropriate domains of definition. That is the case for the Gale-Shapley mechanism, the uniform rule and the top...
Persistent link: https://www.econbiz.de/10010851415
A multiple-partners assignment game with heterogeneous sells and multi-unit demands consists of a set of sellers that own a given number of indivisible units of (potentially many different) goods and a set of buyers who value those units and want to buy at most an exogenously fixed number of...
Persistent link: https://www.econbiz.de/10010851453