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Tiered Housing Allocation: an Experimental Analysis

Carrillo, Juan D; Singhal, Saurabh - C.E.P.R. Discussion Papers - 2011

We study in the laboratory, a variant of the house allocation with existing tenants problem where agents are partitioned into tiers with different privileges. Members of higher tiers receive their allocation before those in lower tiers and can also take the endowment of a member of a lower tier...

Persistent link: https://www.econbiz.de/10008854498

Coarse Matching and Price Discrimination

Hoppe, Heidrun C.; Moldovanu, Benny; Ozdenoren, Emre - C.E.P.R. Discussion Papers - 2007

of a coarse matching scheme consisting of two classes of agents on each side, in terms of matching surplus (output), the …, our philosophy is that, if the worst-case scenario under coarse matching is not too bad relative to what is achievable by … more complex, finer schemes, a coarse matching scheme will turn out to be preferable once the various transaction costs …

Persistent link: https://www.econbiz.de/10005792482

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

The Microstructure of Stock Markets

Biais, Bruno; Glosten, Larry; Spatt, Chester S - C.E.P.R. Discussion Papers - 2002

We survey the literature analysing the price formation and trading process, and the consequences of market organization for price discovery and welfare. We develop a united perspective on theoretical, empirical and experimental approaches. We discuss the evidence on transaction costs and the...

Persistent link: https://www.econbiz.de/10005788974

College Diversity and Investment Incentives

Gall, Thomas; Legros, Patrick; Newman, Andrew - C.E.P.R. Discussion Papers - 2015

This paper studies the aggregate economic effects of diversity policies such as affirmative action in college admission. If agents are constrained in the side payments they can make, the free market allocation displays excessive segregation relative to the first-best. Affirmative action policies...

Persistent link: https://www.econbiz.de/10011145471

Matching with Trade-offs: Revealed Preferences over Competing Characteristics

Galichon, Alfred; Salanié, Bernard - C.E.P.R. Discussion Papers - 2010

characteristics that the analyst does not observe. The social optimum must therefore trade off matching on incomes and matching on … set of feasible matchings and of the socially optimal matching. Then we show how data on the covariation of the types of …

Persistent link: https://www.econbiz.de/10008530351

Anonymous Market and Group Ties in International Trade

Casella, Alessandra; Rauch, James E - C.E.P.R. Discussion Papers - 1997

generated through bilateral matching of agents spanning a spectrum of types. Domestic matching is perfect – every trader knows … the type of all others and can approach any, but international matching is random – every trader lacks the information to … choose a partner’s type. Group ties, however, allow perfect matching abroad to a minority of individuals who have access to …

Persistent link: https://www.econbiz.de/10005123805

Does Competition Solve the Hold-up Problem?

Felli, Leonardo; Roberts, Kevin W S - C.E.P.R. Discussion Papers - 2002

particular, this Paper shows that when matching is assortative and sellers’ investments precede market competition then …

Persistent link: https://www.econbiz.de/10005136606

Multi-Trait Matching and Intergenerational Mobility: A Cinderella Story

Chen, Natalie; Conconi, Paola; Perroni, Carlo - C.E.P.R. Discussion Papers - 2011

finding, we describe a model of multi-trait matching and inheritance, in which individuals’ attractiveness in the marriage …

Persistent link: https://www.econbiz.de/10009320404

Gender and Racial Biases: Evidence from Child Adoption

Baccara, Mariagiovanna; Collard-Wexler, Allan; Felli, … - C.E.P.R. Discussion Papers - 2010

This paper uses a new data set on domestic child adoption to document the preferences of potential adoptive parents over born and unborn babies relinquished for adoption by their birth mothers. We show that adoptive parents exhibit significant biases in favor of girls and against...

Persistent link: https://www.econbiz.de/10008468711