Abstract: Despite the rise in grade retention in China recently, little work has been done to understand the impact of grade retention on the educational performance of students in China. This paper seeks to redress this shortcoming and examines this impact on 1649 students in 36 elementary...

In this note, we consider the impact of job rotation in a directed search model in which firm sizes are endogenously determined, and match quality is initially unknown. A large firm benefits from the opportunity of rotating workers so as to partially overcome mismatch loss. As a result, in the...

Consider an all-pay auction with interdependent, affiliated valuations and private budget constraints. We characterize a symmetric equilibrium for the case of two players. In contrast with the second-price auction, making budgets more severe can depress the bids of unconstrained bidders