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. Complete information equilibrium outcomes are shown to be characterized by a \emph{stability} condition that is adapted to the … \emph{institutional constraints} of the German system. I introduce \emph{matching problems with complex constraints} and the … notion of \emph{procedural stability}. Two simple assumptions guarantee existence of a student optimal procedurally stable …
Persistent link: https://www.econbiz.de/10009748077
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efficient, does not eliminate justified envy and does not respect improvements. We introduce a mechanism based on the matching …
Persistent link: https://www.econbiz.de/10011899159
Persistent link: https://www.econbiz.de/10012175506
We document an increase in the scoring probability from penalties in soccer, which separates the time period before 1974 significantly from that after 1976: the scoring probability increased by 11%. We explain this finding by arguing that the institution of penalty-shooting before 1974 is best...
Persistent link: https://www.econbiz.de/10013317057
In January 2005, the ban on tuition in Germany has been declared unlawful. As a result, many 'Lander' developed plans to introduce tuition fees as soon as possible. It is shown in this paper, that the impact of tuition is very different among states. The willingness to pay varies not only by...
Persistent link: https://www.econbiz.de/10014049451
Evaluations of the Higher Education Sector are receiving increased attention, due to the rising expenditures and the absence of efficiency enhancing market pressure. To what extent universities are able to eliminate inefficiency is a question that has only partially been answered. This paper...
Persistent link: https://www.econbiz.de/10011541493
An ongoing debate in the literature on efficiency of higher education institutions concerns the indicator for research output in the empirical analysis. While several studies chose to use the number of publications, others rely on the overall amount of research grants. The present study...
Persistent link: https://www.econbiz.de/10011872112
This paper analyzes the effectiveness of occupational training programs for the unemployed before and after the substantial amendments in German labor market legislation known as Hartz reforms. Based on the official evaluation of the reforms, we show that program impacts vary much across...
Persistent link: https://www.econbiz.de/10010267339
Arrow (1963) hypothesized that demand-side moral hazard induced by health insurance leads to supply-side expansions in healthcare markets. Capturing these effects empirically has been challenging, as non-marginal insurance expansions are rare and detailed data on healthcare labor and capital is...
Persistent link: https://www.econbiz.de/10013341994