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Extensive evidence suggests that participants in the direct student-proposing deferred-acceptance mechanism (DSPDA) play dominated strategies. In particular, students with low priority tend to misrepresent their preferences for popular schools. To explain the observed data, we introduce...
Persistent link: https://www.econbiz.de/10012290339
paper, we introduce and formalize reciprocal preferences, apply them to matching markets, and analyze the implications for … acceptance mechanism can achieve stability. These results provide insights into non-standard preferences in matching markets, and …
Persistent link: https://www.econbiz.de/10014467722
Matching markets can be unstable when individuals prefer to be matched to a partner who also wants to be matched with … preferences exist, significantly decrease stability in matching markets, and are driven both by belief-based and preference …
Persistent link: https://www.econbiz.de/10014467870
Economic experiments have only gained limited attention as research methodswithin the range of agricultural policy … analysis. The aim of this paper is to reconsider basicsof economic experiments and to compare them to other research methods... …
Persistent link: https://www.econbiz.de/10009302599
students, and the student composition at schools, using theory and experiments. We find that the lottery quota strengthens … more diverse school populations in the experiments, as predicted. Comparing the two mechanisms, students with the lowest …
Persistent link: https://www.econbiz.de/10011932979
A series of experiments compares bargaining behavior under three different settings: no arbitration, conventional and …
Persistent link: https://www.econbiz.de/10010297233
We study dynamic committee bargaining over an infinite horizon with discounting. In each period a committee proposal is generated by a random recognition rule, the committee chooses between the proposal and a status quo by majority rule, and the voting outcome in period t becomes the status quo...
Persistent link: https://www.econbiz.de/10010266322
Negotiations frequently end in conflict after one party rejects a final offer.In a large-scale internet experiment, we investigate whether a 24-hour coolingoffperiod leads to fewer rejections in ultimatum bargaining. We conduct astandard cash treatment and a lottery treatment, where subjects...
Persistent link: https://www.econbiz.de/10005868398
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information …
Persistent link: https://www.econbiz.de/10010266300
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched … pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it … creates stronger incentives for defection. We point out, however, that a reduction in matching frictions also increases …
Persistent link: https://www.econbiz.de/10013333575