Search Results - subject:"Ex post efficiency"

Czech Bankruptcy Procedures: Ex-post Efficiency View

Vychodil, Ondrej; Knot, Ondøej - Institut ekonomických studií, Univerzita Karlova v Praze - 2006

The paper presents facts on the ex-post efficiency of the Czech bankruptcy procedures. First, it briefly summarizes in … summary of statistical observations on ex-post efficiency based on data on 903 Czech companies whose bankruptcies were … completed during 2004 by the distribution of returns to the claim-holders. In the paper, understanding the ex-post efficiency is …

Persistent link: https://www.econbiz.de/10005808657

Endogenous entry and auctions design with private participation costs

Lu, Jingfeng - Volkswirtschaftliche Fakultät, … - 2006

This paper studies endogenous entry and ex ante revenue-maximizing auctions in an independent private value setting where potential bidders have private-information entry costs. The contribution of this paper is four-fold. First, we show that any equilibrium entry can be characterized through a...

Persistent link: https://www.econbiz.de/10005619326

What Drives the Optimal Bankruptcy Law Design? (in English)

Knot, Ondøej; Vychodil, Ondøej - In: Czech Journal of Economics and Finance (Finance a uver) 55 (2005) 3-4, pp. 110-123

answering the question why a bankruptcy law is needed at all, the authors discuss the criteria of ex ante vs. ex post efficiency …

Persistent link: https://www.econbiz.de/10005808636

Public goods, participation constraints, and democracy: A possibility theorem

Grüner, Hans Peter; Koriyama, Yukio - In: Games and Economic Behavior 75 (2012) 1, pp. 152-167

It is well known that ex post efficient mechanisms for the provision of indivisible public goods are not interim individually rational. However, the corresponding literature assumes that agents who veto a mechanism can enforce a situation in which the public good is never provided. This paper...

Persistent link: https://www.econbiz.de/10011049732

Side-communication yields efficiency of ascending auctions: The two-items case

Lavi, Ron; Oren, Sigal - In: Games and Economic Behavior 76 (2012) 2, pp. 439-456

We analyze a simultaneous ascending auction with anonymous item prices, for two items that are substitutes. This popular format entails increased opportunities for coordination among bidders, since bids are observable and can be used as signaling. This has happened, e.g., in the Netherlands 3G...

Persistent link: https://www.econbiz.de/10010588264

What Drives the Optimal Bankruptcy Law Design?

Vychodil, Ondrej; Knot, Ondøej - Institut ekonomických studií, Univerzita Karlova v Praze - 2004

The extensive economic research of bankruptcy within the last decade has made many issues connected with bankruptcy legislation much clearer but there is still a large area of disagreement about how an optimal bankruptcy law should look like. At the same time, the actual bankruptcy laws in...

Persistent link: https://www.econbiz.de/10005808666

The Multi-unit Assignment Problem: Theory and Evidence from Course Allocation at Harvard

Budish, Eric; Cantillon, Estelle - C.E.P.R. Discussion Papers - 2010

This paper uses data consisting of students' strategically reported preferences and their underlying true preferences to study the course allocation mechanism used at Harvard Business School. We show that the mechanism is manipulable in theory, manipulated in practice, and that these...

Persistent link: https://www.econbiz.de/10008468634

Public goods, participation constraints, and democracy: A possibility theorem

Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2008

Persistent link: https://www.econbiz.de/10005504573

Ex-post efficient permit markets: a detailed analysis

Krysiak, Frank - In: Environmental & Resource Economics 39 (2008) 4, pp. 397-410

Persistent link: https://www.econbiz.de/10005684207

On the possibility of efficient bilateral trade

Goyal, Sanjeev - In: Review of Economic Design 1 (1994) 1, pp. 79-102

Persistent link: https://www.econbiz.de/10005370638