Search Results - subject:"Resource allocation."

Serial rules in a multi-unit shapley-scarf market

Biró, Péter; Klijn, Flip; Pápai, Szilvia - 2021

Persistent link: https://www.econbiz.de/10012821907

Dynamic Resource Allocation with Cost Externality

Zhao, Hao - 2021

The inter-temporal resource allocation efficiency of a property rights-based common-pool resource system is challenged … resource allocation model to illustrate the efficiency loss from a standard property rights market. We then create a novel … inter-temporal allocation mechanism that preserves dynamic efficiency. Our dynamic resource allocation mechanism includes an …

Persistent link: https://www.econbiz.de/10013212061

Optimal Allocation of Multi-Dimensional Prizes in Contests with Heterogeneous Agents

Antsygina, Anastasia - 2021

We develop a model where two players with asymmetric preferences engage in a contest game. The key novelty is the introduction of multi-dimensional rewards. We characterize the optimal prize allocation that maximizes aggregate effort. When heterogeneity in preferences is strong and the designer...

Persistent link: https://www.econbiz.de/10013212096

Risk Allocation and Financial Intermediation

Goussebaïle, Arnaud - 2021

The classic Arrow-Debreu framework requires a very large number of specific securities to reach Pareto optimality. The present paper shows that financial intermediation can play an important role in maintaining a more parsimonious market framework while still obtaining Pareto optimality. In the...

Persistent link: https://www.econbiz.de/10013212181

Migration and Spatial Misallocation in China

Li, Xiaolu; Ma, Lin; Tang, Yang - 2021

We structurally estimate the firm-level frictions across prefectures in China and quantify their aggregate and distributional implications. Based on a general equilibrium model with input and output distortions and migration, we show that the firm-level frictions are less dispersed and less...

Persistent link: https://www.econbiz.de/10013212188

Task Allocation and On-the-job Training

Baccara, Mariagiovanna; Lee, SangMok; Yariv, Leeat - 2021

We study dynamic task allocation when providers' expertise evolves endogenously through training. We characterize optimal assignment protocols and compare them to discretionary procedures, where it is the clients who select their service providers. Our results indicate that welfare gains from...

Persistent link: https://www.econbiz.de/10013212269

Monetary Policy in Times of Structural Reallocation

Guerrieri, Veronica; Lorenzoni, Guido; Straub, Ludwig; … - 2021

We characterize optimal monetary policy in response to asymmetric shocks that shift demand from one sector to another, a condition arguably faced by many economies emerging from the Covid-19 crisis. We show that the asymmetry manifests itself as an endogenous cost-push shock, breaking divine...

Persistent link: https://www.econbiz.de/10013212401

Allocating to Thematic Investments

Somefun, Koye; Perchet, Romain; Yin, Chenyang; … - 2021

In this paper we introduce the notion of themes as an additional investment dimension beyond asset classes, regions, sectors and styles, and we propose a framework to allocate to thematic investments at a strategic asset allocation level. The goal of thematic investments is to provide the means...

Persistent link: https://www.econbiz.de/10013212526

General Airport Slot Allocation Problems

Ho, Ken; Rodivilov, Alexander - 2021

We analyze multi-runway airport slot allocation problems during adverse weather. The number of slots assigned in any time interval is the same across feasible and non-wasteful landing schedules. The structure of the set of assigned slots is more complex than its counterpart in the single-runway...

Persistent link: https://www.econbiz.de/10013212824

Speculative Bubbles and Talent Misallocation

Dong, Feng; Jia, Yandong; Wang, Siqing - 2021

There is increasing evidence that the vibrant financial industry has generated a misallocation of human capital between the manufacturing sector and the service sector. In addition, growth in the financial sector has usually been accompanied by bubble booms. Thus, this paper advances a greater...

Persistent link: https://www.econbiz.de/10013324348