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-proof mechanism that is constrained efficient, i.e. that always produces a stable matching that is not Pareto-dominated by another … stable matching. We characterize all solvable priority structures satisfying the following two restrictions: (A) Either there …
Persistent link: https://www.econbiz.de/10011937252
Persistent link: https://www.econbiz.de/10011747405
's matching model of unemployment. To the best of our knowledge, this is the first attempt to implement and systematically compare … these solutions in search-matching economies. Our results are twofold. First from the theoretical and methodological … viewpoint, we extend a somewhat flexible search-matching economy to alternative bargaining solutions. In particular, we prove …
Persistent link: https://www.econbiz.de/10009238027
This paper studies a general school choice problem with or without outside options. The Gale-Shapley student-proposing deferred acceptance mechanism (DA) has played a central role not only in theory but also in important practical applications. We show that in problems where some students cannot...
Persistent link: https://www.econbiz.de/10009566572
We study two-sided matching where one side (colleges) can make monetary transfers (offer stipends) to the other … stability and show that a pairwise stable allocation always exists. We construct an algorithm that always selects a pairwise …
Persistent link: https://www.econbiz.de/10011671961
This paper examines mandatory occupational licensure in several professions from barbers, cosmetologists, radiologic technicians, CPAs, mid-level healthcare providers, and physicians. Mandatory licensure is cited as a mechanism for serving the public interest by assuring professionals possess...
Persistent link: https://www.econbiz.de/10013075615
We use the labor market for doctorates in the biomedical sciences, where career dislocation is common, as a case study of skill-task mismatch and its consequences. Using longitudinal, worker-level data on biomedical doctorates, we investigate mismatch as an explanation for the negative pecuniary...
Persistent link: https://www.econbiz.de/10014226116
While most of the literature starting with Shapley and Scarf (1974) have considered a static exchange economy with indivisibilities, this paper studies the dynamics of such an economy. We find that both the dynamics generated by competitive equilibrium and the one generated by weakly dominance...
Persistent link: https://www.econbiz.de/10008811385
Monetary Policy Committees differ in the way the interest rate proposal is prepared and presented in the policy meeting. In this paper we show analytically how different arrangements could affect the voting behaviour of individual MPC members and therefore policy outcomes. We then apply our...
Persistent link: https://www.econbiz.de/10003867075
In previous work with Mark Lemley I have discussed the critical role played by the courts in fitting patent law to the ongoing needs of innovation. Careful scrutiny of the recently enacted America Invents Act (AIA), which legislatively reforms American patent law, underscores the need for robust...
Persistent link: https://www.econbiz.de/10014162157