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Optimal Truncation in Matching Markets
Coles, Peter A. - 2013
Since no stable matching mechanism can induce truth-telling as a dominant strategy for all participants, there is often room in matching markets for strategic misrepresentation (Roth). In this paper we study a natural form of strategic misrepresentation: reporting a truncation of one's true...
Persistent link: https://www.econbiz.de/10013081039
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Equilibrium and Matching Under Price Controls
Herings, P. Jean-Jacques - 2015
The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...
Persistent link: https://www.econbiz.de/10013021278
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Termination Fees and Contract Design in Public-Private Partnerships
Buso, Marco - 2019
We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be loss-making. In a continuous time setting with hidden information about stochastic operating profits, we show that a revenue-maximizing government can optimally...
Persistent link: https://www.econbiz.de/10012895272
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Bidding for Conservation Contracts
Di Corato, Luca - 2014
require long-term commitments. Landowners, however, can decide to prematurely terminate the contract when the opportunity cost … views non-enforcement of contract terms as a source of real-options, the paper offers the following contributions. First, it … play in avoiding such potential bias in contract allocation …
Persistent link: https://www.econbiz.de/10013051072
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Procurement with Unenforceable Contract Time and the Law of Liquidated Damages
Dosi, Cesare; Moretto, Michele - 2012
. By exploiting the real-option approach, we examine how the inability to force sellers to meet the contract time … when the contract does not provide for any compensation for late-delivery …
Persistent link: https://www.econbiz.de/10014167164
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Cournot Competition on a Network of Markets And Firms
İlkiliç, Rahmi - 2009
Suppose markets and firms are connected in a bi-partite network, where firms can only supply to the markets they are connected to. Firms compete a la Cournot and decide how much to supply to each market they have a link with. We assume that markets have linear demand functions and firms have...
Persistent link: https://www.econbiz.de/10014205788
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Network of Commons
İlkiliç, Rahmi - 2008
A tragedy of the commons appears when the users of a common resource have incentives to exploit it more than the socially efficient level. We analyze the situation when the tragedy of the commons is embedded in a network of users and sources. Users play a game of extractions, where they decide...
Persistent link: https://www.econbiz.de/10014219023
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Paths to Stability in Two-Sided Matching with Uncertainty
Lazarova, Emiliya A. - 2013
We consider one-to-one matching problems under two modalities of uncertainty that differ in the way types are assigned to agents. Individuals have preferences over the possible types of the agents from the opposite market side and initially know the “name” but not the ”type” of the other...
Persistent link: https://www.econbiz.de/10013087491
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ETS and Technological Innovation : A Random Matching Model
Antoci, Angelo; Borghesi, Simone; Sodini, Mauro - 2012
The present paper investigates the functioning of an Emission Trading System (ETS) and its impact on the diffusion of environmental-friendly technological innovation in the presence of firms’ strategic behaviors and sanctions to non-compliant firms. For this purpose, we study an evolutionary...
Persistent link: https://www.econbiz.de/10014162888
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Constitutions and Social Networks
Mauleon, Ana - 2015
The objective of the paper is to analyze the formation of social networks where individuals are allowed to engage in several groups at the same time. These group structures are interpreted here as social networks. Each group is supposed to have specific rules or constitutions governing which...
Persistent link: https://www.econbiz.de/10013020589