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Complementarity and Aggregate Implications of Assortative Matching : A Nonparametric Analysis

Graham, Bryan S. - 2010

the status quo allocation, a random allocation, and both the perfect positive and negative assortative matching …

Persistent link: https://www.econbiz.de/10012757581

Deduction Dilemmas : The Taiwan Assignment Mechanism

Dur, Umut Mert - 2018

This paper analyzes the properties of the Taiwan mechanism, used for high school placement nationwide starting in 2014. In the Taiwan mechanism, points are deducted from an applicant's score with larger penalties for lower ranked choices. Deduction makes the mechanism a new hybrid between the...

Persistent link: https://www.econbiz.de/10012911108

Lotteries in Student Assignment : An Equivalence Result

Pathak, Parag A. - 2010

simplifies and unifies all the known equivalence results in the house allocation literature. Along the way, two new mechanisms … -- Partitioned Random Priority and Partitioned Random Endowment -- are introduced for the house allocation problem. These mechanisms … generalize widely studied mechanisms for the house allocation problem and may be appropriate for the many-to-one setting such as …

Persistent link: https://www.econbiz.de/10013141841

The Purpose of Trade Agreements

Grossman, Gene M. - 2016

This paper reviews the literature on governments' motivations for negotiating and joining international trade agreements. I discuss both normative explanations for trade agreements and explanations based on political-economy concerns. Most of the paper focuses on the purpose of multilateral...

Persistent link: https://www.econbiz.de/10012996887

Strategy-Proofness in the Large

Azevedo, Eduardo M. - 2017

We propose a criterion of approximate incentive compatibility, strategy-proofness in the large (SP-L), and argue that it is a useful second-best to exact strategy-proofness (SP) for market design. Conceptually, SP-L requires that an agent who regards a mechanism's “prices” as exogenous to...

Persistent link: https://www.econbiz.de/10012948087

Collective Choice and Voluntary Provision of Public Goods

Epple, Dennis N. - 2018

Some public goods are provided entirely with private contributions, others with a mixture of public and private funding, and still others are entirely publicly funded. To explain this variation, a model of dual provision is developed that endogenizes public and private funding. Members of the...

Persistent link: https://www.econbiz.de/10012920474

Chaos and Unpredictability in Dynamic Social Problems

Battaglini, Marco - 2022

We study a dynamic model of environmental protection in which the level of pollution is a state variable that strategically links policy making periods. Policymakers are forward looking but politically motivated: they have heterogeneous preferences and do not fully internalize the cost of...

Persistent link: https://www.econbiz.de/10014240423

Debts and Deficits with Fragmented Fiscal Policymaking

Velasco, Andrés - 2021

This paper develops a political-economic model of fiscal policy - one in which government resources are a common property' out of which interest groups can finance expenditures on their preferred items. This setup has striking macroeconomic implications. Transfers are higher than a benevolent...

Persistent link: https://www.econbiz.de/10013243430

Producers and Predators

Grossman, Herschel I. - 2021

This paper explores a series of general-equilibrium models in which people can choose to be either producers or predators, and in which producers can allocate their resources either to production or to guarding their production against predators. The analysis shows how the ratio of predators to...

Persistent link: https://www.econbiz.de/10013235281

Indivisibilities in Distribution

Holmes, Thomas J. - 2018

This paper develops and estimates a model of indivisibilities in shipping and economies of scale in consolidation. It uses highly detailed data on imports for which it is possible to observe the contents of individual containers. In the model, a firm is able to adapt to indivisibility...

Persistent link: https://www.econbiz.de/10012920901

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