Showing 1 - 10 of 183
always true, and many well-known mechanisms are simple, including ascending auctions, posted prices, and serial dictatorship …
Persistent link: https://www.econbiz.de/10012588492
Do behavioral biases a affect prices in a high-stake market? We study the role of left digit bias in the purchase of an apartment, one of the most important assets in a household's portfolio. Left-digit bias is the inability to fully process digits after the first, perceiving prices just below a...
Persistent link: https://www.econbiz.de/10012013502
We address the issue of bidder ring formation in single and multi-unit Vickrey auctions. We address this issue in a …
Persistent link: https://www.econbiz.de/10013208712
This paper considers a housing market with price restrictions. On such market, price equilibrium may be excluded for certain preference profiles. However, the existence of a unique minimal rationing price equilibrium has previously been established on a general preference domain that contains...
Persistent link: https://www.econbiz.de/10013208727
-price and k-double auctions. The learning process has a strong component of inertia but with a small probability, the bids are …-double auctions. Intuitively, the stochastically stable bid minimizes the maximal regret. …
Persistent link: https://www.econbiz.de/10010318920
games via auctions, we find that play converges to a session-specific Nash equilibrium and auction prices emerge which …
Persistent link: https://www.econbiz.de/10010892145
We introduce a new matching model to mimic two-sided exchange programs such as tuition and worker exchange, in which each firm has to avoid being a net-exporter of workers. These exchanges use decentralized markets, making it difficult to achieve a balance between exports and imports. We show...
Persistent link: https://www.econbiz.de/10011440131
Medical technology making kidney transplantation over the blood group barrier possible is now a reality. This paper investigates how such technology should be implemented when designing pairwise kidney exchange programs. The possibility to receive a kidney transplant from a blood group...
Persistent link: https://www.econbiz.de/10013208755
The member states of the European Union received 1.2 million first time asylum applications in 2015 (a doubling compared to 2014). Even if asylum will be granted for many of the refugees that made the journey to Europe, several obstacles for successful integration remain. This paper focuses on...
Persistent link: https://www.econbiz.de/10013208761
This note contains a few brief remarks on the similarities and differences between some standard market design applications (e.g., kidney exchange and school choice) and the refugee assignment problem. The main conclusion is that the refugee assignment problem is more complex in some dimensions...
Persistent link: https://www.econbiz.de/10013208796