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We propose a model of sharing of public services among local governments. Our model is an application of Nicolo et al. (2023) and combines features of two models: assignment games (Shapley and Shubik (1971)) and the division problem (Sprumont (1991)). We provide an algorithm (The Simple SAM)...
Persistent link: https://www.econbiz.de/10014346500
having lower resources and, in the other case, for the feeling of envy that is generated by those having higher resources. We … for the presence of envy and compassion might lead to different rankings. …
Persistent link: https://www.econbiz.de/10012285199
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Voters have strong incentives to increase their influence by trading votes, a practice indeed believed to be common. But is vote trading welfare-improving or welfare-decreasing? We review the theoretical literature and, when available, its related experimental tests. We begin with the analysis...
Persistent link: https://www.econbiz.de/10012824815
Divided enrollment systems cause school assignments to be unfair and wasteful. Iterative version of the student-optimal stable mechanism (I-SOSM), proposed by Manjunath and Turhan (2016), achieves individually rational and fair assignments in such partitioned school choice markets for any number...
Persistent link: https://www.econbiz.de/10012927438
I study how a matching platform's design affects users' welfare and probability of matching (outcomes) and the strategic decisions behind such a design. I consider a two-sided matching model in which each agent has a limited number of prospects. An increase in agents' number of prospects has two...
Persistent link: https://www.econbiz.de/10013312530
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Variable renewable electricity (VRE), generated for instance by wind or solar power plants, is characterised by negligible variable costs and an availability that varies over time and space. Locating VRE capacity at sites with the highest average availability maximises the potential output....
Persistent link: https://www.econbiz.de/10014247827