Showing 91 - 100 of 161,844
Persistent link: https://www.econbiz.de/10012156779
In a centralized marketplace that was designed to be simple, we identify participants whose choices are dominated. Using administrative data from Hungary, we show that college applicants make obvious mistakes: they forgo the free opportunity to receive a tuition waiver worth thousands of...
Persistent link: https://www.econbiz.de/10011772987
Persistent link: https://www.econbiz.de/10011819076
Persistent link: https://www.econbiz.de/10011821288
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach, but the best approach is unknown. Inducing a variety of research approaches generates an option value. We show that suitable contests can induce such variety. The...
Persistent link: https://www.econbiz.de/10011993710
Persistent link: https://www.econbiz.de/10012234440
This paper compares the welfare effects of three ways in which health care can be organized: no competition (NC …), competition for the market (CfM) and competition on the market (CoM) where the payer offers the optimal contract to providers in … particular, CfM is optimal in a clinical situation where the payer either has contractible information on provider quality or can …
Persistent link: https://www.econbiz.de/10014141778
This paper examines the relationship between ethics and market design. It argues that market design should not rely wholly on preference utilitarianism in order to make ethical judgements. It exposits an alternative normative framework — informed neutrality between reasonable ethical positions
Persistent link: https://www.econbiz.de/10014119662
Persistent link: https://www.econbiz.de/10013549214
Persistent link: https://www.econbiz.de/10013488788