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Priority Uncertainty and Cutoff Signals in Decentralized College Admissions

Sato, Hiroto; Shirakawa, Ryo - 2022

Priority structures are uncertain in real-life college admissions markets. This study investigates how information structures on priority affect resulting allocations. To do this, we focus on a class of real-life information structures that are represented as cutoff signals, which privately tell...

Persistent link: https://www.econbiz.de/10014237344

Labor Market Risk in Germany

Krebs, Tom - 2016

This paper uses annual data drawn from the GSOEP to estimate individual earnings risk (labor market risk) in Germany for the period 1983-2012. The econometric specification of the earnings process allows for transitory shocks and permanent shocks to individual earnings.We find that both the...

Persistent link: https://www.econbiz.de/10012993952

Matching with Incomplete Information : Stability and Efficiency

Feng, Zhiming - 2021

This paper extends the discussion of the relationship between Bayesian stability and Bayesian efficiency in Liu(2020 … stability and efficiency is bidirectional: one can lead to another with conditions analogous to yet more general than conditions … will deviate, then Bayesian stability will always lead to Bayesian efficiency …

Persistent link: https://www.econbiz.de/10013312124

Efficient Dynamic Allocation with Uncertain Valuations

Bapna, Abhishek; Weber, Thomas A. - 2006

In this paper we consider the problem of efficiently allocating a given resource or object repeatedly over time. The agents, who may temporarily receive access to the resource, learn more about its value through its use. When the agents' beliefs about their valuations at any given time are...

Persistent link: https://www.econbiz.de/10014060191

Revenue Maximizing with Return Policy When Buyers Have Uncertain Valuations

Zhang, Jun - 2016

This paper examines the optimal mechanism design problem when buyers have uncertain valuations. This uncertainty can only be resolved after the actual transactions take place and upon incurring significant post-purchase cost. We focus on two different settings regarding how the seller values a...

Persistent link: https://www.econbiz.de/10012989368

Data Insecurity Laws

Stein, David - 2023

fatal flaw: they are rooted in traditional theories of deterrence by punishment. In theory, companies increase their data …

Persistent link: https://www.econbiz.de/10014345836

Do Bequests Increase Labor Market Risk?

Chami, Ralph; Fischer, Jeffrey H. - 2008

Previous work on the effects of intergenerational transfers has implied that such transfers benefit recipients by insuring against labor market risks. Allowing for equilibrium labor market responses, however, one would expect the aggregate level of transfers to affect the distribution of wages...

Persistent link: https://www.econbiz.de/10014118240

Employment stability via annualized hours contracts?

Carstensen, Vivian - 2000

The presented paper proves that working time arrangements, which include hours flexibility and enable hours deposits, are appealing under product market uncertainty. The model integrates efficiency wage arguments into an implicit insurance-contract environment, thus extending the existing...

Persistent link: https://www.econbiz.de/10011525821

Employment stability via annualized hours contracts?

Carstensen, Vivian - 2000

Persistent link: https://www.econbiz.de/10001493179

Precautionary saving and subjective earnings variance

Lusardi, Annamaria - In: Economics letters 57 (1997) 3, pp. 319-326

Persistent link: https://www.econbiz.de/10001231504