We analyze a competitive research-oriented public program established in Spain, the Ramon yCajal Program, intended to offer contracts in public research centers to high-quality researchers.We study the effects of the Program on the ex-post scientific productivity of its recipients, relativeto...

We analyze two well-known matching mechanisms-the Gale-Shapley, and the Top Trading Cycles (TTC) mechanisms-in the experimental lab in three different informational settings, and study the role of information in individual decision making. Our results suggest that-in line with the theory-in the...

In the college admissions problem, we consider the incentives confronting agents who face the prospect of being matched by a random stable mechanism. We provide a fairly complete characterization of ordinal equilbria. Namely, every ordinal equilib- rium yields a degenerate probability...