Showing 1 - 10 of 45
We use a simple graphical approach to represent Social Welfare Functions that satisfy Independence of Irrelevant Alternatives and Anonymity. This approach allows us to provide simple and illustrative proofs of May's Theorem, of variants of classic impossibility results, and of a recent result on...
Persistent link: https://www.econbiz.de/10012470585
This paper studies multi-attribute auctions in which a buyer seeks to procure a complex good and evaluate offers using a quasi-linear scoring rule. Suppliers have private information about their costs, which is summarized by a multi-dimensional type. The scoring rule reduces the multidimensional...
Persistent link: https://www.econbiz.de/10011325022
In a famous episode of financial history which lasted over eight years, the market for the future on the Bund moved entirely from LIFFE, a London-based derivatives exchange, to DTB, a Frankfurt-based exchange. This paper studies the determinants of the observed dynamics, using a novel panel...
Persistent link: https://www.econbiz.de/10011604812
Persistent link: https://www.econbiz.de/10010903524
Persistent link: https://www.econbiz.de/10010796186
Persistent link: https://www.econbiz.de/10010796187
Persistent link: https://www.econbiz.de/10010796188
This article aims to contribute to the current debate on the optimal regulation of school choice in the Brussels Capital Region. We first summarize the current regulatory framework and make the distinction between the political objectives pursued by the regulation of school choice, and the...
Persistent link: https://www.econbiz.de/10010796190
This paper considers the problem of identification and estimation in the firstprice multi-unit auction. It is motivated by the auctions of bus routes held in London where bidders submit bids on combinations of routes as well as on individual routes. We show that submitting a combination bid...
Persistent link: https://www.econbiz.de/10010746352
Persistent link: https://www.econbiz.de/10005101679