We study a simple assigning workers to employers, where each pair of a worker and an employer has a potential joint productivity, and the complete information about the market is contained in the matrix of potential productivities. <p> Under certain conditions that we specify, the market is...</p>

We study a simple model of the job market, where workers are assigned to employers. We specify conditions under which the market is hierarchical in a natural sense. For such hierarchies, we can state explicit values for the earnings in the worker-optimal and employer-optimal solutions. This is a...

We consider the TU version of Gale and Shapley's roommate game. We find several results that are analogous to known results for the NTU game, such as a characterization of stable outcomes by forbidden minors, a characterization of the extreme points of the core, and a median property of stable...

We offer the first comparison between “direct†and “indirect†methods for measuring perceptions of distributive justice in reward allocations. The direct method simply asks respondents what they would consider to be a fair salary for a particular person in a given set of...

In certain economic experiments, some participants willingly pay a cost to punish peers who contribute too little to the public good. Because such punishment can lead to improved group outcomes, this costly punishment has been conceived of as altruistic. Here, we provide evidence that individual...

It is known that presentation of a meaningful label (e.g., "The Teamwork Game") can influence decisions in economic games. A common view is that such labels cue associations to preexisting mental models of situations, a process here called frame selection. In the absence of such cues,...

We introduce negative externalities in the form of ill will among the players of the classic two-sided assignment game of Shapley and Shubik, by letting each player's utility be negatively correlated with the payoff of all the players in his group. The new game is very complex, but under a...

The Swedish rent control system creates a white market for swapping rental contracts and a black market for selling rental contracts. Empirical data suggests that in this black-and-white market some people act according to utility functions that are both discontinuous and locally decreasing in...