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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

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

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

Contractually Stable Networks

Vannetelbosch, Vincent J.; Caulier, Jean-François; … - 2009

We develop a theoretical framework that allows us to study which bilateral links and coalition structures are going to emerge at equilibrium. We define the notion of coalitional network to represent a network and a coalition structure, where the network specifies the nature of the relationship...

Persistent link: https://www.econbiz.de/10014205749

Individual Search and Social Networks

Goyal, Sanjeev; Rosenkranz, Stephanie; Weitzel, Utz; … - 2014

The explosion in online social networks motivates an enquiry into their structure and their welfare effects. A central feature of these networks is information sharing: online social networks lower the cost of getting information from others. These lower costs affect the attractiveness of...

Persistent link: https://www.econbiz.de/10014145340

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

Pairing Games and Markets

Alkan, Ahmet; Tuncay, Alparslan - 2014

Pairing Games or Markets studied here are the non-two-sided NTU generalization of assignment games. We show that the Equilibrium Set is nonempty, that it is the set of stable allocations or the set of semistable allocations, and that it has several notable structural properties. We also...

Persistent link: https://www.econbiz.de/10014145343

A Weak Bargaining Set for Contract Choice Problems

Lahiri, Somdeb - 2006

non-empty finite set of feasible contracts to choose from. We call such problems, contract choice problems. The main … result of this paper states that every contract choice problem has a non-empty weak bargaining set. The need for such a … solution concept which is considerably weaker than the core arises, since it is well known that even for very simple contract …

Persistent link: https://www.econbiz.de/10014059800

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

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