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School Choice and Loss Aversion
Meisner, Vincent; von Wangenheim, Jonas - 2021
Evidence suggests that participants in direct student-proposing deferred-acceptance mechanisms (DA) play dominated strategies. To explain the data, we introduce expectation-based loss aversion into a school-choice setting and characterize choice-acclimating personal equilibria in DA. We find...
Persistent link: https://www.econbiz.de/10012799779
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School Choice and Loss Aversion
Meisner, Vincent; von Wangenheim, Jonas - 2021
Evidence suggests that participants in direct student-proposing deferred-acceptance mechanisms (DA) play dominated strategies. To explain the data, we introduce expectation-based loss aversion into a school-choice setting and characterize choice-acclimating personal equilibria in DA. We find...
Persistent link: https://www.econbiz.de/10013310767
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On the Foundations of Competitive Search Equilibrium with and Without Market Makers
Albrecht, James; Cai, Xiaoming; Gautier, Pieter; … - 2021
The literature offers two foundations for competitive search equilibrium, a Nash approach and a market-maker approach. When each buyer visits only one seller (or each worker makes only one job application), the two approaches are equivalent. However, when each buyer visits multiple sellers, this...
Persistent link: https://www.econbiz.de/10013220133
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Search, Screening and Sorting
Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald P. - 2021
We investigate the effect of search frictions on labor market sorting by constructing a model which is in line with recent evidence that employers collect a pool of applicants before interviewing a subset of them. In this environment, we derive the necessary and sufficient conditions for sorting...
Persistent link: https://www.econbiz.de/10013221175
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Matching as a cure for underprovision of voluntary public good supply: Analysis and an example
Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - 2011
Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner …
Persistent link: https://www.econbiz.de/10010274970
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Policy Competition, Imitation and Coordination Under Uncertainty
Hefeker, Carsten - 2022
The paper analyzes under what circumstances policymakers experiment with policies with uncertain outcomes, when they prefer to imitate policies initiated in other countries, and when they prefer to coordinate policies internationally. Policymakers have private costs of active policies and...
Persistent link: https://www.econbiz.de/10013289693
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Race Meets Bargaining in Product Development
Karagözoglu, Emin; Keskin, Kerim; Saglam, Cagri - 2020
We introduce a model of product development in a firm. Our model describes the process as a multi-stage contest (i.e., race) with an endogenous length (with one stage or two stages) between two workers. We model the payments to workers from the new product using the normatively appealing Nash...
Persistent link: https://www.econbiz.de/10012179908
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Potentially harmful international cooperation on global public good provision
Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - 2012
-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome undersupply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract … by analyzing incomplete matching agreements in the context of international climate protection. We analyse their effect …
Persistent link: https://www.econbiz.de/10010283595
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Marriage and the City
Gautier, Pieter A.; Svarer, Michael; Teulings, Coen N. - 2021
Do people move to cities because of marriage market considerations? In cities singles can meet more potential partners … marriage market benefits disappear while the housing premium remains. We extend the model of Burdett and Coles (1997) with a …
Persistent link: https://www.econbiz.de/10013318738
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Wage and employment effects of non-binding minimum wages
Dittrich, Marcus; Knabe, Andreas - 2010
Common wisdom holds that the introduction of a non-binding minimum wage is irrelevant for actual wages and employment. Empirical and experimental research, however, has shown that the introduction of a minimum wage can raise even those wages that were already above the new minimum wage. In this...
Persistent link: https://www.econbiz.de/10010270871