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Rank Versus Inequality—Does Gender Composition Matter?

Kim, Duk Gyoo; Riegel, Max - 2022

This study investigates the influence of gender composition on allocation decisions involving a rank–inequality tradeoff. In a laboratory experiment, participants chose to either alleviate inequality by relinquishing their current relative rank or exacerbate inequality by maintaining their...

Persistent link: https://www.econbiz.de/10014241313

Gini and Optimal Income Taxation by Rank

Simula, Laurent - 2020

We solve the non-linear income tax program for a rank-dependent social welfare function Ã la Yaari, expressing the trade-off between size and inequality using the Gini or related families of positional indices. The key idea is that when agents optimize and absent bunching, ranks in the actual...

Persistent link: https://www.econbiz.de/10012839709

Distribution and Use of Knowledge Under the 'Laws of the Web'

Falkinger, Josef - 2021

this fact for economic equilibrium analysis. In particular, it examines how the ranking schemes applied by the distribution … technology affect the use of knowledge, and it then describes the characteristics of an optimal ranking scheme. The analysis is …

Persistent link: https://www.econbiz.de/10013316668

A Menagerie of Rankings : A Look in Repec's Factory

Linnemer, Laurent - 2023

. Specifically, the focus is on RePEc’s main author ranking, which aggregates 36 different rankings based on a range of criteria. The … paper first describes the logic behind the ranking and then presents some key descriptive statistics on the top 5% of … authors. Notably, the ranking is dominated by English-speaking authors, particularly those affiliated with institutions in the …

Persistent link: https://www.econbiz.de/10014358401

Achievement Rank Affects Performance and Major Choices in College

Elsner, Benjamin; Isphording, Ingo Eduard; Zölitz, Ulf - 2021

This paper studies how a student’s ordinal rank in a peer group affects performance and specialisation choices in university. By exploiting data with repeated random assignment of students to teaching sections, we find that a higher rank increases performance and the probability of choosing...

Persistent link: https://www.econbiz.de/10013229786

Airline Mitigation of Propagated Delays : Theory and Empirics on the Choice of Schedule Buffers

Brueckner, Jan K. - 2019

This paper presents an extensive theoretical and empirical analysis of the choice of schedule buffers by airlines. With airline delays a continuing problem around the world, such an under-taking is valuable, and its lessons extend to other passenger transportation sectors. One useful lesson from...

Persistent link: https://www.econbiz.de/10012861390

Airline Schedule Buffers and Flight Delays : A Discrete Model

Czerny, Achim Ingo - 2020

This paper revisits the airline schedule-buffer choice problem analyzed by Brueckner, Czerny and Gaggero (2020) using a simpler model where the random shocks influencing flight times are discrete rather than continuous. The analysis yields closed-form solutions for the flight and ground buffers...

Persistent link: https://www.econbiz.de/10012823555

A good sign for multivariate risk taking

Eeckhoudt, Louis; Rey, Béatrice; Schlesinger, Harris - 2006

Decisions under risk are often multidimensional, where the preferences of the decision maker depend on several attributes. For example, an individual might be concerned about both her level of wealth and the condition of her health. Many times the signs of successive cross derivatives of a...

Persistent link: https://www.econbiz.de/10010263976

A Probabilistic Solution to High-Dimensional Continuous-Time Macro and Finance Models

Huang, Ji - 2023

This paper introduces the probabilistic formulation of continuous-time economic models: forward stochastic differential equations (SDE) govern the dynamics of backward-looking variables, and backward SDEs capture that of forward-looking variables. Deep learning streamlines the search for the...

Persistent link: https://www.econbiz.de/10014345557

Stochastic Contracts and Subjective Evaluations

Lang, Matthias - 2021

Subjective evaluations are widely used, but call for different contracts from traditional moral-hazard settings. Previous literature shows that contracts require payments to third parties, which real-world contracts rarely use. I show that the implicit assumption of deterministic contracts makes...

Persistent link: https://www.econbiz.de/10013311715