Showing 1 - 10 of 22
This paper considers bidder behaviour in the United Kingdom s UMTS spectrum auction. Evidence is reviewed which shows that some bidders in this auction did not bid straightforwardly in accordance with fixed valuations of the licenses. We go on to consider more speculative hypotheses about...
Persistent link: https://www.econbiz.de/10011409209
We consider the aggregation of individual agents' von Neumann-Morgenstern preferences over lotteries into a social planner's von Neumann-Morgenstern preference. We start from Harsanyi's [18] axiomatization of utilitarianism, and ask under which conditions a social preference order that satisfies...
Persistent link: https://www.econbiz.de/10011717180
We define and investigate a property of mechanisms that we call "strategic simplicity", and that is meant to capture the idea that, in strategically simple mechanisms, strategic choices are easy. We define a mechanism to be strategically simple if strategic choices can be based on first-order...
Persistent link: https://www.econbiz.de/10011788733
This chapter begins by documenting that temporary migrations are not only very common, but that outmigration of immigrants is selective both in terms of migrants' individual characteristics and their economic outcomes. We then examine the problems that arise when estimating immigrants' earnings...
Persistent link: https://www.econbiz.de/10010237191
Existing evidence on peer effects in a work environment stems from either laboratory experiments or from real-word studies referring to a specific firm or specific occupation. Yet, it is unclear to what extent these findings apply to the labor market in general. In this paper, therefore, we...
Persistent link: https://www.econbiz.de/10009793151
Many migrations are temporary - a fact that has often been ignored in the economic literature on migration. Such omission may be serious in that expected migration temporariness can impart a distinct dynamic element to immigrants' economic behavior, generating possible consequences for...
Persistent link: https://www.econbiz.de/10010476669
In this paper we investigate the economic activity of married or cohabiting female immigrants in Britain. We distinguish between two immigrant groups: foreign-born females who belong to an ethnic minority group and their husbands, and foreign-born white females and their husbands. We compare...
Persistent link: https://www.econbiz.de/10003204026
This paper provides a comprehensive analysis of refugee migration, with emphasis on the current refugee crisis. After first reviewing the institutional framework laid out by the Geneva Convention for Refugees, we demonstrate that, despite numerous attempts at developing a common European asylum...
Persistent link: https://www.econbiz.de/10011544179
The assumption that all migrations are permanent, which pervaded the early microdata-based research on immigrant career profiles, is not supported by the empirical evidence. Rather, many - if not most - migrations appear to be temporary. In this paper, therefore, we illustrate the estimation...
Persistent link: https://www.econbiz.de/10011481390
This paper provides an introduction into the estimation of Marginal Treatment Effects (MTE). Compared to the existing surveys on the subject, our paper is less technical and speaks to the applied economist with a solid basic understanding of econometric techniques who would like to use MTE...
Persistent link: https://www.econbiz.de/10011499992