This paper studies a general school choice problem with or without outside options. The Gale-Shapley student-proposing deferred acceptance mechanism (DA) has played a central role not only in theory but also in important practical applications. We show that in problems where some students cannot...

Across the globe there is growing skepticism about the usefulness of GDP as a measure of national well-being. Consequently, several alternative quality-of-life (QOL) measures were developed which either aim at healing the GDP, complementing it, or replacing it. This chapter portrays some of...

In many economic contexts, an elusive variable of interest is the agent's belief about relevant events, e.g. about other agents' behavior. A growing number of surveys and experiments ask participants to state beliefs explicitly but little is known about the causal relation between beliefs and...

Die Großstadt mit ihrer heterogenen Bevölkerungszusammensetzung galt schon immer als der Ort, an dem das Neue in die Welt kommt. Im Zuge der gegenwärtigen Diskussion um die kreative Stadt sind neue Konzepte zum Zusammenhang von Stadtentwicklung und Kreativität entstanden. Gleichwohl bringen...

Um die Wirkung atypischer Beschäftigungsverhältnisse auf Struktur und Ausmaß sozialer Ungleichheit abschätzen zu können, zeichnet das vorliegende Discussion Paper für 20 europäische Länder nach, wie sich atypische Beschäftigung im Vergleich zu regulären Beschäftigungsverhältnissen...

In federal countries, competence for policy matters is often shared between various levels of government. As only overall outcomes are observed, this might blur accountability by decreasing voters' ability to infer information about the performance of their leaders. In this article, we analyse...

The paper discusses recent propositions that forms of a European exceptionalism are now emerging. The paper first asks what makes a political entity exceptionalist. For this purpose inspiration is sought in American exceptionalism as a model. The paper then discusses whether Europe displays...

We measure risk attitudes in 30 different countries in a controlled, incentivized experiment (N = 3025). At the macroeconomic level, we find a strong and highly significant negative correlation between the risk tolerance of a country and income per capita. This gives rise to a paradox, seen that...

In this note, we argue that the Eurozone needs an institutional exit mechanism to enhance Eurozone stability, and propose modifications to the Dobbs' NEWNEY mechanism, the only mechanism that satisfies the twin properties of eliminating incentives for intra-Eurozone capital flight and...

We use a novel approach to address the question of whether a union of sovereign countries can efficiently raise and allocate a budget, even when members are purely self-interested and participation is voluntary. The main innovation of our model is to explore the link between budget contributions...