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We study random assignment economies with expected-utility agents, each of them eventually obtaining a single object. Inspired on Hylland and Zeckhauser’s (1979) Pseudomarket mechanism (PM) and on a serial dictatorship, we introduce the Sequential Pseudomarket (SP) where groups of agents...
Persistent link: https://www.econbiz.de/10011132914
Using the assignment of students to schools as our leading example, we study many-to-one two-sided matching markets without transfers. Students are endowed with cardinal preferences and schools with ordinal ones, while preferences of both sides need not be strict. Using the idea of a competitive...
Persistent link: https://www.econbiz.de/10010851345
We compare popular school choice mechanisms in terms of children's access to better schools (ABS) than their catchment area school, in districts with school stratification and where priority is given for residence in the catchment area of the school. In a large market model with two good schools...
Persistent link: https://www.econbiz.de/10011171807
This paper analyses some of the organisational aspects of urban solid waste collection. It starts by discussing some of the theoretical issues of contracting out. Then, an explanatory model is specified and estimated on a sample of surveyed municipalities. The purpose is twofold: first, to...
Persistent link: https://www.econbiz.de/10011134919
We study the effects that school choice mechanisms and school priorities have on the degree of sorting of students across schools and neighborhoods, when school quality is endogenously determined by the peer group. Using a model with income or ability heterogeneity, we compare the popular...
Persistent link: https://www.econbiz.de/10011118653
In allocating goods with no use of monetary transfers, random allocation mechanisms can be designed in order to elicit information on preference intensities. I study the nontransfer allocation of two ex-ante identical objects under Bayesian incentive compatibility, with symmetric agents and...
Persistent link: https://www.econbiz.de/10011042992
In this paper, we develop a simple theoretical model in order to explain how politicians choose between progressive and regressive tax schemes that serve to afford some local service production costs. It consists of a bipartisan model in which each party’s preferences are lexicographic, giving...
Persistent link: https://www.econbiz.de/10005556943
Persistent link: https://www.econbiz.de/10008497286
In this paper we investigate how local governments finance public services, and their choice between budget funding and flat service fees. On the basis of a simple model of electoral competition we predict that the tax policy will be extreme (either progressive or conservative) only if both the...
Persistent link: https://www.econbiz.de/10008521845
In the Spanish region of Catalonia the industrial sector sensibly lobbied for the privatization of municipality-produced water services in the period 1996 – 2002. This paper analyzes the extent to which this result is consequent with observed measures of cross-subsidies in favor of...
Persistent link: https://www.econbiz.de/10005174617