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A central authority possessing tax and expenditure responsibilities can readily provide an efficient level of a public good. Absent a central authority, voluntary arrangements must replace coercive ones. Significant under-provision must be expected. International public goods are particularly...
Persistent link: https://www.econbiz.de/10012456435
Discretionary policymaking can foster strategic complementarities between private sector decisions, thus leading to multiple equilibria. This article studies a simple example, originating with Kydland and Prescott, of a government which must decide whether to build a dam to prevent adverse...
Persistent link: https://www.econbiz.de/10012466593
Social distancing via shelter-in-place strategies, and wearing masks, have emerged as the most effective non-pharmaceutical ways of combatting COVID-19. In the United States, choices about these policies are made by individual states. We develop a game-theoretic model and then test it...
Persistent link: https://www.econbiz.de/10012496132
, this market for school seats is cleared via market design solutions grounded in recent advances in matching and mechanism …
Persistent link: https://www.econbiz.de/10013172122
field studies of school matching show that information is imperfect, particularly for disadvantaged students. We model …
Persistent link: https://www.econbiz.de/10012794614
participants in a two-sided matching market. We consider the market for medical school programs in Denmark, which uses a … understanding and designing matching markets …
Persistent link: https://www.econbiz.de/10014528365
market equilibrium is the Gale-Shapley matching model, not the Koopmans-Beckmann assignment model. These models have …
Persistent link: https://www.econbiz.de/10012456366
I study a many-to-many, two-sided, transferable-utility matching game. Consider data on matches or relationships …
Persistent link: https://www.econbiz.de/10012463558
I explore the estimation of transferable utility matching games, encompassing many-to-many matching, marriage and … matching with trading networks (trades). I introduce a matching maximum score estimator that does not suffer from a … computational curse of dimensionality in the number of agents in a matching market. I apply the estimator to data on the car parts …
Persistent link: https://www.econbiz.de/10012464265
approach is based on a game-theoretic two-sided matching model and the estimation strategy employs the method of simulated …
Persistent link: https://www.econbiz.de/10012468819