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The nineteenth century was a time of substantial changes in the patterns of economic growth. This was also a period of significant fluctuations in the structure of and allocation of political rights. Through successive franchise extensions, democracy expanded dramatically, giving birth to the...
Persistent link: https://www.econbiz.de/10010851332
The purpose of this paper is two-fold. First, we develop the measurement theory of polarization for the case in which … polarization indices that can be used to compare polarization across time or entities. Distribution-free statistical inference … results are also derived in order to ensure that the orderings of polarization across entities are not simply due to sampling …
Persistent link: https://www.econbiz.de/10010547136
function of the Gini coefficient, the Herfindahl-Hirschman fractionalization index, and a specific measure of polarization due …
Persistent link: https://www.econbiz.de/10010547270
We experimentally investigate in the laboratory two prominent mechanisms that are employed in school choice programs to assign students to public schools. We study how individual behavior is influenced by preference intensities and risk aversion. Our main results show that (a) the GaleShapley...
Persistent link: https://www.econbiz.de/10011132915
We compare popular school choice mechanisms in terms of children's access to better schools (ABS) than their catchment area school, in districts with school stratification and where priority is given for residence in the catchment area of the school. In a large market model with two good schools...
Persistent link: https://www.econbiz.de/10011171807
Recently, several school districts in the US have adopted or consider adopting the Student-Optimal Stable mechanism or the Top Trading Cycles mechanism to assign children to public schools. There is evidence that for school districts that employ (variants of) the so-called Boston mechanism the...
Persistent link: https://www.econbiz.de/10010547129
The literature on school choice assumes that families can submit a preference list over all the schools they want to be assigned to. However, in many real-life instances families are only allowed to submit a list containing a limited number of schools. Subjects incentives are drastically...
Persistent link: https://www.econbiz.de/10010547189
We first establish that policymakers on the Bank of England's Monetary Policy Committee choose lower interest rates with experience. We then reject increasing confidence in private information or learning about the structure of the macroeconomy as explanations for this shift. Instead, a model in...
Persistent link: https://www.econbiz.de/10010547194
In this note we study the National Resident Matching Program (NRMP) algorithm in the US market for physicians. We report on two problems that concern the presence of couples, a feature explicitly incorporated in the new NRMP algorithm (cf. Roth and Peranson, 1999). First, we show that the new...
Persistent link: https://www.econbiz.de/10010547404
We propose a smooth multibidding mechanism for environments where a group of agents have to choose one out of several projects (possibly with the help of a social planner). Our proposal is related to the multibidding mechanism (Prez-Castrillo and Wettstein, 2002) but it is smoother in the sense...
Persistent link: https://www.econbiz.de/10010547426