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Constraints on Matching Markets Based on Moral Concerns

Huesmann, Katharina - 2015

concerns. Instead of exogenously restricting transfers on a matching market, we introduce a desideratum based on fairness …

Persistent link: https://www.econbiz.de/10013021759

Potentially Harmful International Cooperation on Global Public Good Provision

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk T. G. - 2021

-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome under supply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract … by analyzing incomplete matching agreements in the context of international climate protection. We analyze their effect …

Persistent link: https://www.econbiz.de/10013315882

A Stochastic Multiple Players Multi-Issues Bargaining Model for the Piave River Basin

Sgobbi, Alessandra; Carraro, Carlo - 2021

The objective of this paper is to investigate the usefulness of non-cooperative bargaining theory for the analysis of …

Persistent link: https://www.econbiz.de/10013316631

The Ex Ante Incentive Compatible Core in Exchange Economies With and Without Indivisibilities

Forges, Françoise - 2021

The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a socially designed characteristic function, which expresses the fact that coalitions allocate goods by means of random incentive compatible mechanisms. We first survey some results in...

Persistent link: https://www.econbiz.de/10013317636

Multi-Pollutant Point-Nonpoint Trading with Participation Decisions : The Role of Transaction Costs

Reeling, Carson - 2018

High transaction costs and thin participation plague water quality trading and prevent markets from delivering expected efficiency gains. Point sources generate a single pollutant, while nonpoint sources generate multiple, complementary pollutants. We develop a dynamic search model of...

Persistent link: https://www.econbiz.de/10012911045

Market Transparency, Adverse Selection, and Moral Hazard

Klein, Tobias J. - 2014

We study the effects of improvements in market transparency on eBay on seller exit and continuing sellers' behavior. An improvement in market transparency by reducing strategic bias in buyer ratings led to a significant increase in buyer valuation especially of sellers rated poorly prior to the...

Persistent link: https://www.econbiz.de/10013060478

Optimal Monetary Policy When Agents are Learning

Molnar, Krisztina - 2013

We derive the optimal monetary policy in a sticky price model when private agents follow adaptive learning. We show that this slight departure from rationality has important implications for policy design. The central bank faces a new intertemporal trade-off, not present under rational...

Persistent link: https://www.econbiz.de/10013094668

Stability and Dynamics in an Overlapping Generations Economy Under Flexible Wage Negotiation and Capital Accumulation

Koskela, Erkki; Puhakka, Mikko - 2021

We analyze the stability and dynamics of an overlapping generations model under imperfectly competitive labour markets without population growth and with perfect foresight. Under right-to-manage wage bargaining we assume that wage is negotiated after the decision on the capital stock. With...

Persistent link: https://www.econbiz.de/10013317344

Spillover Effects of Minimum Wages : Theory and Experimental Evidence

Dittrich, Marcus - 2011

We study the spillover effects of minimum wages in a laboratory experiment. In a bilateral firm-worker bargaining setting, we find that the introduction of a minimum wage exerts upward pressure on wages even if the minimum wage is too low to be a binding restriction. Furthermore, raising the...

Persistent link: https://www.econbiz.de/10013120274

Values for Environments with Externalities - The Average Approach

Macho-Stadler, Inés - 2016

We propose the “average approach,” where the worth of a coalition is a weighted average of its worth for different partitions of the players' set, as a unifying method to extend values for characteristic function form games. Our method allows us to extend the equal division value, the equal...

Persistent link: https://www.econbiz.de/10012984732