When applying to a university, students and their parents devote considerable time acquiring information about university programs in order to form preferences. We explore ways to reduce wasteful information acquisition, that is, to help students avoid acquiring information about out-of-reach...

We investigate how fairness in a laboratory experiment framed as a market exchange relates to preferences for fair trade products elicited before and at the end of the experiment. We collected two samples, 10 years apart. In the original sample, fairness in the market experiment measured by the...

Die COVID-19-Pandemie hat die Fragilität des Gesundheitssystems, der Gesellschaft und der Wirtschaft beim Auftreten von weltweiten Krisen deutlich gemacht. Um auf die nächste Krise besser vorbereitet zu sein, stellen sich gesundheitspolitische, wirtschaftliche, rechtliche, ethische und...

We document quasi-experimental evidence against the common assumption in the matching literature that agents have full information on their own preferences. In Germany's university admissions, the first stages of the Gale-Shapley algorithm are implemented in real time, allowing for multiple...

Nicht alle Güter werden über einen Preismechanismus auf Märkten gehandelt. Angebot und Nachfrage von Plätzen an Schulen und Universitäten, die Zuweisung von Organen bei Lebendspendern und die Partnerwahl vollziehen sich nach anderen Regeln. Wie diese Regeln gestaltet sein müssen, um zu...

Überlastete Universitätsverwaltungen und langwierige Nachrückverfahren sind die Folge der dezentralen Vergabe von Studienplätzen. Um die Studienplatzvergabe künftig schneller und einfacher abwickeln zu können, soll die Zentralstelle für die Vergabe von Studienplätzen (ZVS) die...

Being at the frontier with regard to sustainable aspects of manufacturing may serve as competitive advantage due to the increasing trend of consumer awareness. In order to adhere to the consequent pressure from external stakeholders such as customers, investors, competitors, interest groups and...

We empirically investigate the possibility that a decision maker prefers to avoid making a decision and instead delegates it to an external device, e.g., a coin flip. A large data set from the centralized clearinghouse for university admissions in Germany shows a choice pattern of applicants...

We study a college admissions problem in which colleges accept students by ranking students' efforts in entrance exams. Students' ability levels affect the cost of their efforts. We solve and compare equilibria of “centralized college admissions” (CCA) where students apply to all colleges...