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Subsidies, knapsack auctions and Dantzig’s greedy heuristic
Ensthaler, Ludwig; Giebe, Thomas - 2009
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10003848830
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Subsidies, knapsack auctions and Dantzig's greedy heuristic
Ensthaler, Ludwig; Giebe, Thomas - 2009
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10003832684
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Improving the allocation of spots in child care facilities for toddlers in Germany : a mechanism design approach
Carlsson, Sissa; Thomsen, Stephan L. - 2015
The undersupply of spots in German daycare facilities for toddlers challenges parents' possibilities to work. To ease the situation, the government implemented a new law entitling every child between ages one and three to daycare supervision for about four hours per day. Nevertheless, the...
Persistent link: https://www.econbiz.de/10010510511
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Matching with waiting times : the German entry-level labor market for lawyers
Dimakopoulos, Philipp; Heller, Christian-Philipp - 2018
We study the allocation of German lawyers to regional courts for legal trainee-ships. Because of excess demand in some regions lawyers often have to wait before being allocated. The currently used "Berlin" mechanism is not weakly Pareto efficient, does not eliminate justified envy and does not...
Persistent link: https://www.econbiz.de/10011899159
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Improving the Allocation of Spots in Child Care Facilities for Toddlers in Germany : A Mechanism Design Approach
Carlsson, Sissa - 2015
The undersupply of spots in German daycare facilities for toddlers challenges parents' possibilities to work. To ease the situation, the government implemented a new law entitling every child between ages one and three to daycare supervision for about four hours per day. Nevertheless, the...
Persistent link: https://www.econbiz.de/10013023771
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Communication and Reputation in Procurement Auctions – Some Empirical Evidence
Heinrich, Timo - 2011
This paper studies the role of communication and reputation in market interactions using data from online procurement … auctions. Not only positive reputation ratings but also engaging in communication increases a bidder's probability of winning …Diese Studie analysiert die Einflüsse von Kommunikation und Reputation auf Märkten mit Hilfe von Daten aus Online …
Persistent link: https://www.econbiz.de/10010285498
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Communication and reputation in procurement auctions : some empirical evidence
Heinrich, Timo - 2011
This paper studies the role of communication and reputation in market interactions using data from online procurement … auctions. Not only positive reputation ratings but also engaging in communication increases a bidder’s probability of winning …. -- Communication ; procurement auctions ; reputation …
Persistent link: https://www.econbiz.de/10009124343
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A review of the German mandatory deposit for one-way drinks packaging and drinks packaging taxes in Europe
Groth, Markus - 2008
The mandatory deposit for one-way drinks packaging, embodied in the German Packaging Ordinance of 1991, entered into force in January 2003, after the condition for its implementation was given by the fall of the market share of reusable drinks packaging under 72% in 1997. In this context the...
Persistent link: https://www.econbiz.de/10010265182
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On the Persistence of Overconfidence : Evidence from Multi-Unit Auctions
Morales-Camargo, Emmanuel - 2013
We analyze pre and post-task confidence in an experiment in which subjects bid in multi-unit common value auctions. Subjects return for a second session, so we are able to assess how performance affects the evolution of confidence. Those with low confidence prior to the first session...
Persistent link: https://www.econbiz.de/10013090267
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Subsidies, Knapsack Auctions and Dantzig's Greedy Heuristic
Ensthaler, Ludwig; Giebe, Thomas - 2009
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10010333849