It is the basic proposition of this paper that the problem with marginal cost theory (Coase, 1946) cannot be adequately addressed within the framework of neo-classical economics. The innumerable products and services, which are available on the market, are not provided because the cost of...

The paper investigates the intergenerational transmission of divorce in China with the data from The China Health and Retirement Longitudinal Study (CHARLS). The empirical results show that parental divorce increases the odd ratio of children's divorce significantly by 104.12% in complementary...

We compare competing college admission matching mechanisms that differ in preference submission timing (pre-exam, post-exam but pre-score, or post-score) and in matching procedure (Boston (BOS) and serial dictatorship (SD) matching). Pre-exam submission asks students to submit college...

In this paper, I relax one of the common assumptions made in standard school choice problems by allowing students to rank not just schools, but school-cohort sized pairs. The intuition for this extension is the observation that a school at maximum capacity is not the same object, from a...

This paper investigates the role played by the cultural norms of particularism and universalism for collusive bribery. In our theoretical framework, the act of proposing or demanding a bribe violates a commonly held social norm, thus producing a psychological cost. By lowering this psychological...

In this paper we propose a two-step semiparametric procedure to estimate first-price auction models. In the first-step, we estimate the bid density and distribution using local polynomial method, and recover a sample of (pseudo) private values. In the second-step, we apply the method of moments...

International commodity markets may be characterised by price or quantity competition and by product differentiation. As an illustration, we present a set of models of the Japanese market for imported beef. The models are evaluated using an non-nested econometric test. The one which best fits...

This paper examines, both theoretically and empirically, the effect of social networks and belonging to minority groups (or race) on the probability of winning in reality television shows. We develop a theoretical model that studies viewer behavior by presenting a framework of competition...

This paper studies the dynamics of violence in the Palestinian-Israeli conflict since the outbreak of the Second (or Al-Aqsa) Intifada in September 2000, during which more than 3,300 Palestinians and more than 1,000 Israelis have been killed. The conflict has followed an uneven pattern, with...

Despite controversial debates about the social acceptability of its nationalist program, the rightwing populist AfD has recently entered all state parliaments as well as the federal parliament in Germany. Although professed AfD voters faced a likely risk of social stigmatization, electoral...