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Persistent link: https://www.econbiz.de/10009452491
: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than … efficiency, the social planner tries to choose the partition rule-a rule dictating how type space is partitioned to group bidders … who submit the same bid together-to maximize efficiency. With the efficient partition rule, we implement bid levels with …
Persistent link: https://www.econbiz.de/10009450772
. The paper demonstrates that both economic efficiency and effectiveness of public expenditures can be increased, if a menu … of combinations of farming practices and payments are offered. However, there is a trade-off between efficiency and … in wheat production, illustrates that efficiency and effectiveness gains can be substantial. Furthermore, it is shown …
Persistent link: https://www.econbiz.de/10009443669
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and...
Persistent link: https://www.econbiz.de/10009432547
This dissertation examines three labor market issues regarding public schooladministrators in Texas using personnel records from the 1994-95 school year untilthe 2003-04 school year. The first essay explores promotion rates of men and womento school principal, a position that requires...
Persistent link: https://www.econbiz.de/10009464829
In der Dissertation wird das Design eines Systems mit Flächenausweisungszertifikaten vorgestellt und mit empirischen Daten evaluiert, die im Rahmen eines Feldexperiments mit kommunalen Entscheidungsträgern erhoben wurden. Die Ergebnisse zeigen wie ein solches Handelssystem für...
Persistent link: https://www.econbiz.de/10009434523
Three years after the controversial change of the British market design from compulsory Pool with capacity payments to decentralised energy-only New Electricity Trading Arrangements (NETA) market framework, we compare the two designs in terms of investment incentives. We review the biases of the...
Persistent link: https://www.econbiz.de/10009441994
Market design is the development of mechanisms that improve market efficiency and build on an understanding of the …
Persistent link: https://www.econbiz.de/10009450803
Certifiers have a crucial role in facilitating effective communication in the online and the traditional world. As a way of generating statistically meaningful information, certification has been adopted in financial statements evaluation and more recently in various online communities as well....
Persistent link: https://www.econbiz.de/10009429359
prominent place in auction theory because of its allocative efficiency and incentive properties. But implementing the GVA … efficiency.We present a simple iterative auction that lets companies efficiently price and allocate limited quantities of high …
Persistent link: https://www.econbiz.de/10009431276