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We study priority-based assignment problems with distributional and diversity objectives. Our work provides an axiomatic characterization of a general class of choice rules which are based on type-specific reserves and quotas. The choice rules in the class differ by the order in which applicants...
Persistent link: https://www.econbiz.de/10012510567
Proponents of school choice argue that it improves educational outcomes by allowing parents to self-select into schools that are most effective for their children. Contrary to these arguments, empirical evidence suggests that parents may not incorporate school effectiveness or match quality when...
Persistent link: https://www.econbiz.de/10012482727
We analyze a theoretical model in which entrepreneurs' property rights are threatened by "raiders" who can challenge them to a contest for control of their firms. Entrepreneurs have heterogeneous productivity, and decide how much capital to invest before raiders decide whom to attack. In...
Persistent link: https://www.econbiz.de/10011897580
In centralized mechanisms and platforms, participants do not fully observe each others' type reports. Hence, if there is a deviation from the promised mechanism, participants may be unable to detect it. We formalize a notion of auditabilty that captures how easy or hard it is to detect...
Persistent link: https://www.econbiz.de/10014552995