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Multidimensional Mechanism Design:Revenue Maximization and the Multiple-Good Monopoly
extreme point faces non-linear pricing monopoly pricing multi-dimensional screening incentive compatibility adverse selection mechanism design
2015/9/23
The seller of N distinct objects is uncertain about the buyer’s valuation for those objects. The seller’s problem, to maximize expected revenue, consists of maximizing a linear functional over a conve...
Finding an optimal mechanism in a standard adverse selection model is equivalent to solving an infinite dimensional linear program. We begin with certain feasible mechanisms— those implemented by auct...
In auctions where a seller can post a reserve price but if the object fails to sell cannot commit never to attempt to resell it, revenue equivalence between repeated first price and second price aucti...
Which mechanisms support the fulfillment of sales agreements?Asking decision-makers in firms
Transactions Private ordering Law Networks Transition
2015/9/22
A new methodology measures the importance of different mechanisms for supporting agreements. Romanian company directors were surveyed on a full complement of mechanisms. Bilateralism is preponderant a...
The Relative Levels and the Character of Institutional Development in Transition Economies
Institutions transition law legal systems administration social capital
2015/9/22
Institutional quality in transition countries is roughly as expected given per capitaincomes. Institutions are improving continuously. Given prevailing assumptions that theinstitutional situation is d...
Institutions and Firms in Transition Economies
Institutions transition enterprises firm boundaries legal systems transactional governance corporate governance China
2015/9/22
Prepared for the Handbook Of New Institutional Economics, this chapter focuses on how the NIE has been used to understand transition and how the experience of transition can help inform the NIE. It fi...
Identifying Predictable Players:Relating Behavioral Types and Subjects with Deterministic Rules
Predictable Players Relating Behavioral Types Subjects
2015/7/23
Behavioral game theory models are important in organizing experimental data of strategic decision making. However, are subjects classified as behavioral types more predictable than unclassified subjec...
Improving on Strategy-proof School Choice Mechanisms:An Experimental Investigation
School Choice Mechanisms Market Design Experimental Economics Matching Theory
2015/7/23
While much of the school choice literature advocates strategyproofness, recent research has aimed to improve efficiency using mechanisms that rely on non-truthtelling equilibria. We address two issues...
Technical Addendum to Market Culture:How Rules Governing Exploding Offers Affect Market Performance
Technical Addendum Market Culture Rules Governing Market Performance
2015/7/23
In the exploding offer treatment, when firms and applicants are all risk neutral, there is a perfect Bayesian equilibrium with efficient late matching. At this equilibrium, in period 7 firm j makes an...
Market Culture:How Rules Governing Exploding Offers Affect Market Performance
Market Culture Rules Governing Market Performance
2015/7/23
Many markets encounter difficulty maintaining a thick marketplace because they experience transactions made at dispersed times. To address such problems, many markets try to establish norms concerning...
We consider new three player games to test existing models of fairness. Our games consist of aproposer who offers an allocation of $10 between two players, either himself and the responder or the resp...
PERFORMANCE IN COMPETITIVE ENVIRONMENTS:GENDER DIFFERENCES
PERFORMANCE COMPETITIVE ENVIRONMENTS GENDER DIFFERENCES
2015/7/23
Even though the provision of equal opportunities for men and women has been a priority in many countries, large gender differences prevail in competitive high-ranking positions. Suggested explanations...
Complementarities and Systems:Understanding Japanese Economic Organization
Complementarities and Systems Japanese Economic Organization
2015/7/21
The performance of the Japanese economy in the last forty-five years, during which it has gone from post-war destitution and near collapse to one of the richest and most productive in the world, is un...
A Theory of Hierarchies Based on Limited Managerial Attention
A Theory of Hierarchies Limited Managerial Attention
2015/7/21
A Theory of Hierarchies Based on Limited Managerial Attention.
Deterring Predation in Telecommunications:Are Line-of-Business Restraints Needed?
Deterring Predation Telecommunications Line-of-Business Restraints Needed
2015/7/21
Deterring Predation in Telecommunications:Are Line-of-Business Restraints Needed?