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Promoting School Competition Through School Choice: A Market Design Approach
Hatfield, John William; Kojima, Fuhito; Narita, Yusuke - Becker Friedman Institute for Research in Economics, … - 2011
We study the effect of different school choice mechanisms on schools' incentives for quality improvement. To do so, we introduce the following criterion: A mechanism respects improvements of school quality if each school becomes weakly better off whenever that school becomes more preferred by...
Persistent link: https://www.econbiz.de/10009353445
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Vacancies in supply chain networks
Hatfield, John William; Kominers, Scott Duke - In: Economics Letters 119 (2013) 3, pp. 354-357
We use the supply chain matching framework to study the effects of firm exit. We show that the exit of an initial …
Persistent link: https://www.econbiz.de/10010664125
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Testing substitutability
Hatfield, John William; Immorlica, Nicole; Kominers, … - In: Games and Economic Behavior 75 (2012) 2, pp. 639-645
We provide an algorithm for testing the substitutability of a length-N preference relation over a set of contracts X in time O(|X|3⋅N3). Access to the preference relation is essential for this result: We show that a substitutability-testing algorithm with access only to an agentʼs choice...
Persistent link: https://www.econbiz.de/10011049779
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Multilateral matching
Hatfield, John William; Kominers, Scott Duke - In: Journal of Economic Theory 156 (2015) C, pp. 175-206
We introduce a matching model in which agents engage in joint ventures via multilateral contracts. This approach allows … us to consider production complementarities previously outside the scope of matching theory. We show analogues of the …
Persistent link: https://www.econbiz.de/10011189755
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The economics of debt clearing mechanisms
Börner, Lars; Hatfield, John William - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2010
clearinghouse mechanisms, similar to the models in the theoretical matching literature, and show that specific decentralized …
Persistent link: https://www.econbiz.de/10008804634
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An Incentive Theory of Matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2010
This paper examines the labour market matching process by distinguishing its two component stages: the contact stage … account for important empirical regularities that the conventional matching model cannot. …
Persistent link: https://www.econbiz.de/10010955922
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The economics of debt clearing mechanisms
Börner, Lars; Hatfield, John William - 2010
clearinghouse mechanisms, similar to the models in the theoretical matching literature, and show that specific decentralized …
Persistent link: https://www.econbiz.de/10010303905
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An incentive theory of matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …
Persistent link: https://www.econbiz.de/10010277955
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An incentive theory of matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …
Persistent link: https://www.econbiz.de/10010278021
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An Incentive Theory of Matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2010
This paper examines the labour market matching process by distinguishing its two component stages: the contact stage … account for important empirical regularities that the conventional matching model cannot. …
Persistent link: https://www.econbiz.de/10010314361