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In many market-design applications, a new mechanism is introduced to reform an existing institution. Compared to the design of a mechanism in isolation, the presence of a status-quo system introduces both challenges and opportunities for the designer. We study this problem in the context of...
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Infrastructure costs in the United States are high and rising. The procurement process is one potential cost driver. In … this paper we conduct a survey of procurement practices across the 50 states. We survey both employees at each state … able to create a new dataset of procurement rules and practices across the U.S. and understand what actors on the ground …
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School districts in the US and around the world are increasingly moving away from traditional neighborhood school assignment, in which pupils attend closest schools to their homes. Instead, they allow families to choose from schools within district boundaries. This creates a market with parental...
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Army cadets obtain occupations through a centralized process. Three objectives - increasing retention, aligning talent, and enhancing trust - have guided reforms to this process since 2006. West Point's mechanism for the Class of 2020 exacerbated challenges implementing Army policy aims. We...
Persistent link: https://www.econbiz.de/10012585395
The attractive properties of the Deferred Acceptance (DA) algorithm rest on the assumption of perfect information. Yet field studies of school matching show that information is imperfect, particularly for disadvantaged students. We model costly strategic learning when schools are ex ante...
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Health insurance is increasingly provided through managed competition, in which subsidies for consumers and risk adjustment for insurers are key market design instruments. We illustrate that subsidies offer two advantages over risk adjustment in markets with adverse selection. They provide...
Persistent link: https://www.econbiz.de/10014576615