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. The equilibrium and its outcome will then persist if certain types of externalities arise between bidders. One example are … externalities due to spiteful preferences, which have been used to explain overbidding in the second-price auction (SPA). Another …
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. The equilibrium and its outcome will then persist if certain types of externalities arise between bidders. One example are … externalities due to spiteful preferences, which have been used to explain overbidding in the second-price auction (SPA). Another …
Persistent link: https://www.econbiz.de/10010347030
Unsophisticated applicants can be at a disadvantage under manipulable and hence strategically demanding school choice mechanisms. Disclosing information on applications in previous admission periods makes it easier to asses the chances of being admitted at a particular school, and hence may...
Persistent link: https://www.econbiz.de/10011544967
We take school admission mechanisms to the lab to test whether the widely-used manipulable Boston-mechanism disadvantages students of lower cognitive ability and whether this leads to ability segregation across schools. Results show this is the case: lower ability participants receive lower...
Persistent link: https://www.econbiz.de/10011544973
We propose and experimentally test a mechanism for a class of principal-agent problems in which agents can observe each others' efforts. In this mechanism each player costlessly assigns a share of the pie to each of the other players, after observing their contributions, and the final...
Persistent link: https://www.econbiz.de/10011515831
Unsophisticated applicants can be at a disadvantage under manipulable and hence strategically demanding school choice mechanisms. Disclosing information on applications in previous admission periods makes it easier to assess the chances of being admitted at a particular school, and hence may...
Persistent link: https://www.econbiz.de/10011477310