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School choice and loss aversion
Meisner, Vincent; Wangenheim, Jonas von - 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/10012698801
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Constraints on matching markets based on moral concerns
Huesmann, Katharina; Wambach, Achim - 2015
concerns. Instead of exogenously restricting transfers on a matching market, we introduce a desideratum based on fairness …
Persistent link: https://www.econbiz.de/10010519953
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Household formation and markets
Gersbach, Hans; Haller, Hans; Konishi, Hideo - 2013 - This Version: September 2013
/woman-pair can deviate profitably. We find a set of sufficient conditions under which a stable matching equilibrium exists. We …
Persistent link: https://www.econbiz.de/10010189829
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Paying to match : decentralized markets with information frictions
Agranov, Marina; Dianat, Ahrash; Samuelson, Larry; … - 2021
We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to … markets often culminate in efficient matchings, stability is more elusive, reflecting the difficulty of arranging attendant … transfers. Second, incomplete information and submodularity present hurdles to efficiency and especially stability; their …
Persistent link: https://www.econbiz.de/10012415563
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Strategic interactions between fiscal and monetary authorities in a multi-country new-Keynesian model of a monetary union
Michalak, Tomasz; Engwerda, Jacob Christiaan; Plasmans, … - 2009
In this paper we consider a number of key issues related to the policy coordination in a monetary union that has been recently discussed in the literature. To this end we propose a multi-country New-Keynesian model of a monetary union cast in the framework of linear quadratic differential games....
Persistent link: https://www.econbiz.de/10003807838
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Suicide terrorism and the weakest link
Arce M., Daniel G.; Kovenock, Daniel J.; Roberson, Brian - 2009
In this paper we examine a model of terrorism which focuses on the tradeoffs facing a terrorist organization that has the ability to utilize either or both suicide and conventional terrorism tactics. The terrorist organization’s objective is to successfully attack at least one target. Success...
Persistent link: https://www.econbiz.de/10003872796
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The bail-out! : positive political economics of greek-type crises in the EMU
Fahrholz, Christian; Wójcik, Cezary - 2010
The Greek bail-out was highly controversial. An oft-heard assessment is that i) the bail-out was a mistake, ii) the political haggling over it was irrational and iii) the bail-out will create a moral hazard problem. Contrary to this view, our analysis suggests that, given EMU's present...
Persistent link: https://www.econbiz.de/10008697133
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The Eurozone needs exit rules
Fahrholz, Christian; Wójcik, Cezary - 2012
way that safeguard the stability of the EZ. We demonstrate that such rules may help limiting the scope for brinkmanship …
Persistent link: https://www.econbiz.de/10009570716
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Voting as a signaling device
Aytimur, R. Emre; Boukouras, Aristotelis; Schwager, Robert - 2012
In this paper, citizens vote in order to influence the election outcome and in order to signal their unobserved characteristics to others. The model is one of rational voting and generates the following predictions: (i) The paradox of not voting does not arise, because the benefit of voting does...
Persistent link: https://www.econbiz.de/10009489028
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Public profit sharing
Schöb, Ronnie - 2001
Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited to measures that hurt neither shareholders nor workers. This paper develops a policy proposal, which allows the government to reduce wage costs without changing the income...
Persistent link: https://www.econbiz.de/10011398893