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Price Controls and Consumer Surplus
Bulow, Jeremy I.; Klemperer, Paul - C.E.P.R. Discussion Papers - 2009
best understood - and can be related to monopoly-theory results - using the fact that consumer surplus equals the area …
Persistent link: https://www.econbiz.de/10004976788
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A Primer on the MFA Maze
de Melo, Jaime; Faini, Riccardo - C.E.P.R. Discussion Papers - 1992
The paper identifies the potential sources of allocative inefficiency generated by the Multi-Fiber Agreements (MFA) and examines the evidence for such inefficiencies. Five sources of inefficiency are identified relating to inefficient allocations across countries, across consumers, and among...
Persistent link: https://www.econbiz.de/10005136661
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Information Revelation and Efficiency in Auctions
Mikusheva, Anna; Sonin, Konstantin - C.E.P.R. Discussion Papers - 2002
We study the impact of information revelation on efficiency in auctions. In a constrained-efficient mechanism, i.e. a mechanism that is efficient subject to the incentive-compatibility constraint, any additional information available to bidders increases the expected efficiency of the mechanism....
Persistent link: https://www.econbiz.de/10005067415
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Estimating the Gains From Trade in Limit Order Markets
Hollifield, Burton; Miller, Robert A.; Sandås, Patrik; … - C.E.P.R. Discussion Papers - 2004
We present a method for identifying and estimating the gains from trade in limit order markets and provide new empirical evidence that the limit order market is a good market design. The gains from trade in our model arise because traders have different valuations for the stock. We use...
Persistent link: https://www.econbiz.de/10005661605
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Multi-Trait Matching and Intergenerational Mobility: A Cinderella Story
Chen, Natalie; Conconi, Paola; Perroni, Carlo - C.E.P.R. Discussion Papers - 2011
finding, we describe a model of multi-trait matching and inheritance, in which individuals’ attractiveness in the marriage …
Persistent link: https://www.econbiz.de/10009320404
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Search and Matching in the Housing Market
Genesove, David; Han, Lu - C.E.P.R. Discussion Papers - 2010
the elasticity of the matching function. …
Persistent link: https://www.econbiz.de/10008468515
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Gender and Racial Biases: Evidence from Child Adoption
Baccara, Mariagiovanna; Collard-Wexler, Allan; Felli, … - C.E.P.R. Discussion Papers - 2010
This paper uses a new data set on domestic child adoption to document the preferences of potential adoptive parents over born and unborn babies relinquished for adoption by their birth mothers. We show that adoptive parents exhibit significant biases in favor of girls and against...
Persistent link: https://www.econbiz.de/10008468711
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Matching with Trade-offs: Revealed Preferences over Competing Characteristics
Galichon, Alfred; Salanié, Bernard - C.E.P.R. Discussion Papers - 2010
We investigate in this paper the theory and econometrics of optimal matchings with competing criteria. The surplus from … characteristics that the analyst does not observe. The social optimum must therefore trade off matching on incomes and matching on … set of feasible matchings and of the socially optimal matching. Then we show how data on the covariation of the types of …
Persistent link: https://www.econbiz.de/10008530351
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A Test Between Unemployment Theories Using Matching Data
Coles, Melvyn G; Petrongolo, Barbara - C.E.P.R. Discussion Papers - 2002
A new methodology is described which tests between various equilibrium theories of unemployment using matching data … identify a matching process using data which is recorded monthly, and also shows how to identify different unemployment … employment agency data for the UK over the period 1985-99. Although the standard random matching approach provides a reasonably …
Persistent link: https://www.econbiz.de/10005123575
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Jobs and Unemployment in Macroeconomic Theory: A Turbulence Laboratory
Ljungqvist, Lars; Sargent, Thomas J - C.E.P.R. Discussion Papers - 2005
who suffer involuntary layoffs. Matching and search-island models have labour market frictions and incomplete markets. The …
Persistent link: https://www.econbiz.de/10005123618