This volume contains an Open Access chapter. We have witnessed an avalanche of quantitative public measures over the past decades. Research in the social sciences has shown that rankings in particular are now a driving force of social change - both, desired and undesired - in many areas of...

This paper analyzes a modified yardstick competition mechanism (MYC), where the yardstick employed consists of a tariff basket and total costs. This mechanism has a significant information advantage: the regulator ʺonlyʺ needs to observe total costs and output of all firms. The modified...

This paper investigates the effect of grouping students by prior achievement into different classes (or schools) in settings where students are competing for admission to programs offering only a limited number of places. We first develop a model that identifies the conditions under which the...