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Why do women hit the glass ceiling? Women are hired, but then fail to rise through the ranks. We propose a novel explanation for this pattern, namely preference- and belief-free discrimination. In our setting, an employer can increase effort by inducing differential value distributions for a...
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The paper addresses the mechanism design problem of eliciting truthful information from a committee of informed experts who collude in their information disclosure strategies. It is shown that under fairly general conditions full information disclosure is possible if and only if the induced...
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A firm can merge with one of n potential partners. The owner of each firm has private information about both his firm's stand-alone value and a component of the synergies that would be realized by the merger involving his firm. We characterize incentive-efficient mechanisms in two cases. First,...
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Some labor markets have recently developed formal signalling mechanisms, e.g. the signalling for interviews in the job … signalling mechanism is harmful for this environment. Though signals transmit previously unavailable information, they also … facilitate information asymmetry that leads to coordination failures. As a result, the introduction of a signalling mechanism …
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