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We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. Projects may differ in their value for the designer, and their cost is private information. In this allocation problem, the quantity of procured projects is endogenously determined...
Persistent link: https://www.econbiz.de/10011697176
The Vehicle Scheduling Problem (VSP) is a well-studied combinatorial optimization problem arising for bus companies in public transport. The objective is to cover a given set of timetabled trips by a set of buses at minimum costs. The Electric Vehicle Scheduling Problem (E-VSP) complicates...
Persistent link: https://www.econbiz.de/10012305049
In railway transportation, each train needs to have a timetable that specifies which track at which time will be occupied by it. This task can be addressed by automatization techniques both in generating a timetable and in optimizing an existing one. In this paper, we give an overview on the...
Persistent link: https://www.econbiz.de/10012318445
From the regulation of sports to lawmaking in parliament, in many situations one group of people ("agents") makes decisions that affect payoffs of others ("principals") who are inactive. As the principals have a stake in the agents' decisions they face an incentive to offer payments in order to...
Persistent link: https://www.econbiz.de/10011455866
relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under …
Persistent link: https://www.econbiz.de/10010457243
This paper examines the effect of an intensive counseling program to promote university access among students who are eligible for university. Using data from the experimental panel study ZuBAb, we examine the average effect on university enrollment directly after high school graduation and the...
Persistent link: https://www.econbiz.de/10013166736
second half of the paper tests the theoretical predictions in an experiment. In contrast to previous literature, the …
Persistent link: https://www.econbiz.de/10012500269
-price (English) auctions with independent private values. In a laboratory experiment, we find that individuals overbid more than …
Persistent link: https://www.econbiz.de/10012500699
In Buy-It-Now (BIN, hereafter) auctions, sellers can make a "take-it-or-leave-it" price offer (BIN price) prior to an auction. We analyse experimentally how eBay sellers set BIN prices and whether they benefit from offering them. Using the real eBay environment in the laboratory, we find that...
Persistent link: https://www.econbiz.de/10011902715
Aggressive behavior against out-group members often rises during periods of economic hardship and health pandemics. Here, we test the widespread concern that the Covid-19 crisis may fuel hostility against people from other nations or ethnic minorities. Using a controlled money-burning task, we...
Persistent link: https://www.econbiz.de/10012237475