inefficiently low, and a tax on matching activities helps remedy the situation …

-sharing that improves efficiency …

-best allocation and show efficiency can be implemented with decentralization using head taxes. We calibrate the model and compare … choice underlies the failure to achieve efficiency with decentralization and property taxes: Poorer households crowd richer … decentralization and property taxation are large, dissipating most if not all the potential welfare gains that efficient …

risk averse the greater the value of his portfolio. Finally, we note that the efficiency concept employed in this paper is … efficient decentralization of investment decisions permits the institution to economize on the information which must be passed …

and reduces matching efficiency: average unemployment duration rises by 13% for the most productive workers after …

In this paper we explore efficiency and optimal policy in decentralized transportation markets that suffer from search …/thick market externalities and what we call pooling externalities. We characterize analytically the conditions for efficiency, show …

Methods. We modeled the MIR system as a one-sided matching mechanism based priority rankings, also called "serial … dictatorship." Within this model, we developed a framework for evaluating the tradeoff between the efficiency gains from increasing …Results: Both random ranking and restrictions in supply resulted in a relatively small efficiency gains from training …

and incentives we find evidence largely consistent with the theory, showing that LSCs with higher management capacity and …

respectively technical change, aggregate distortions and allocative efficiency. Using the appropriate firm-level data, we assess …