Showing 1 - 10 of 12
This paper analyzes a modified yardstick competition mechanism (MYC), where the yardstick employed consists of a tariff basket and total costs. This mechanism has a significant information advantage: the regulator "only" needs to observe total costs and output of all firms. The modified...
Persistent link: https://www.econbiz.de/10005026829
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10004963815
A shift from zonal pricing to smaller zones and nodal pricing improves efficiency and security of system operation. Resulting price changes do however also shift profits and surplus between and across generation and load. As individual actorscan lose, they might oppose any reform. We explore how...
Persistent link: https://www.econbiz.de/10011128855
Many commonly used treatment effects estimators rely on the unconfoundedness assumption (“selection on observables") which is fundamentally non-testable. When evaluating the effects of labor market policies, researchers need to observe variables that affect both treatment participation and...
Persistent link: https://www.econbiz.de/10011266602
-in-difference matching strategy based on firm level panel data. In addition, we implement a more structural approach with a tax rate …
Persistent link: https://www.econbiz.de/10009651334
It has previously been shown that civil conflict influences many economic factors, including education, which play an important role in development and economic growth. Previous authors working on the influence of conflict on education have, however, always focused strongly on the supply-side...
Persistent link: https://www.econbiz.de/10008461824
We investigate the matching algorithm used by the German central clearinghouse for university admissions (ZVS) in … criteria applied for admission they all make use of priority matching. In priority matching schemes, it is not a dominant … applicants, we are able to detect some amount of strategic behaviour which can lead to inefficient matching. Alternative ways to …
Persistent link: https://www.econbiz.de/10004963710
Having close linkages with the counterfactual concept of causality, nonparametric matching estimators have recently … causal model (RCM), the paper discusses the implementation of counterfactual analyses by propensity score matching methods … underlying matching methods relative to standard regression analysis. We then illustrate the application of matching estimators …
Persistent link: https://www.econbiz.de/10004963893
Matching has become a popular approach to estimate average treatment effects. It is based on the conditional … matching estimators are not robust. We address this problem with the bounding approach proposed by Rosenbaum (2002), where … to undermine the implications of the matching analysis. …
Persistent link: https://www.econbiz.de/10004963910
propensity score matching methods we extend the picture that has been sketched in previous studies by estimating treatment …
Persistent link: https://www.econbiz.de/10005068721