Search Results - subject:"Simple mechanisms"

Assessing the Performance of Simple Contracts Empirically: The Case of Percentage Fees

Loertscher, Simon; Niedermayer, Andras - 2012

This paper estimates the cost of using simple percentage fees rather than the broker optimal Bayesian mechanism, using data for real estate transactions in Boston in the mid-1990s. This counterfactual analysis shows that interme- diaries using the best percentage fee mechanisms with fees ranging...

Persistent link: https://www.econbiz.de/10010334071

Assessing the Performance of Simple Contracts Empirically:The Case of Percentage Fees

Loertscher, Simon; Niedermayer, Andras - Department of Economics, Faculty of Business and Economics - 2012

This paper estimates the cost of using simple percentage fees rather than the broker optimal Bayesian mechanism, using data for real estate transactions in Boston in the mid-1990s. This counterfactual analysis shows that interme-diaries using the best percentage fee mechanisms with fees ranging...

Persistent link: https://www.econbiz.de/10010903425

Assessing the Performance of Simple Contracts Empirically: The Case of Percentage Fees

Loertscher, Simon; Niedermayer, Andras - Volkswirtschaftliche Fakultät, … - 2012

Persistent link: https://www.econbiz.de/10010702328

Assessing the performance of simple contracts empirically : the case of percentage fees

Loertscher, Simon; Niedermayer, Andras - 2012

Persistent link: https://www.econbiz.de/10010343811

Competing Mechanism Games of Moral Hazard: Communication and Robustness

Attar, Andrea; Campioni, Eloisa; Piaser, Gwenael; … - Centro di Studi Internazionali Sull'Economia e la … - 2011

use of simple mechanisms, which correspond to direct mechanisms in the standard framework of Myerson (1982). Our results …

Persistent link: https://www.econbiz.de/10009150956