Proposition 209 banned the use of racial preferences in admissions at public colleges in California. We analyze unique data for all applicants and enrollees within the University of California (UC) system before and after Prop 209. After Prop 209, minority graduation rates increased by 4.35...

We study auction design when parties cannot commit themselves to the mechanism. The seller may change the rules of the game and the buyers choose their outside option at all stages. We assume that the seller has a leading role in equilibrium selection at any stage of the game. Stationary...

We consider second-price and first-price auctions in the symmetric independent private values framework. We modify the standard model by the assumption that the bidders have reference-based utility, where a publicly announced reserve price has some influence on the reference point. It turns out...

This paper studies the evolutionary stability of the unique Nash equilibrium of a first price sealed bid auction. It is shown that the Nash equilibrium is not asymptotically stable under payoff monotonic dynamics for arbitrary initial popu- lations. In contrast, when the initial population...

The importance of auction theory has gained increased recognition in the scientific community, the latest recognition being the award of the Nobel price to Vickrey and Mirrlees. Auction theory has been used in quite different fields, both theoretically and empirically. This paper connects recent...

Tarifvertragliche Regelungen werden (meist) geschlechtsneutral formuliert und gelten für weibliche wie für männliche Beschäftigte gleichermaßen. Doch es wäre ein Trugschluss zu glauben, dass sie deshalb automatisch die Gleichbehandlung von Frauen und Männern bei den Arbeitsbedingungen und...

Auf Grundlage von vier europäischen Gleichbehandlungsrichtlinien trat am 18.08.2006 das Allgemeine Gleichbehandlungsgesetz (AGG) in Kraft, das zuvor als Antidiskriminierungsgesetz für kontroverse gesellschaftspolitische Diskussionen gesorgt hatte.Aber was ist wirklich dran am neuen AGG?...