There is substantial empirical evidence and increasing recognition that not only outcomes, but also the procedures leading to them, can affect people' s utility from, and their reactions to, those decisions. However, there is still a large gap between numerous studies by non-economists (e.g.,...

Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...

Frequent criticism in dynamic decision making research pertains to the overly complex nature of the decision tasks used in experimentation. To address such concerns we study dynamic decision making with respect to the simple race game Hog, which has a computable optimal decision strategy. In the...

Magistro baigiamajame darbe, atitinkant išsikeltą tikslą, išanalizuotos Lietuvos ir kitų Europos Sąjungos šalių išlaidos viešosioms paslaugoms, jų struktūra. Pirmojoje darbo dalyje atlikta lyginamoji mokslinės literatūros analizė paslaugų sektoriaus tematika, pagrįsta tiriama...

This study aims to analyze the quality of public services in the archipelago. Public services in the archipelago are not getting much attention from the government; the problem is limited access to public services. The method is used in this study is a qualitative method. Access is an important...

Outsourcing can be defi ned as the delivery of public services by the private sector. The sign of the effect of outsourcing on public spending is ambiguous ex-ante. While outsourcing may reduce public spending through higher competition in the private sector, it may also increase public spending...

Summary of Banco de España Working Paper no. 1939