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Displaying results 1 to 19 of 19.

  1. Market design for distributional objectives in (re)assignment
    an application to improve the distribution of teachers in Schools
    Author: Combe, Julien; Dur, Umut Mert; Tercieux, Olivier; Terrier, Camille; Ünver, M. Utku
    Published: [2022]
    Publisher:  Boston College, Chestnut Hill, MA, USA

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    Media type: Book
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    Series: Boston College working papers in economics ; 1050
    Subjects: Matching Theory; Market Design; Priority Design; Teacher Reassignment; Status-quo Improvement; Fairness; Efficiency; Distributional Welfare Measures
    Scope: 1 Online-Ressource (circa 87 Seiten), Illustrationen
  2. India's progress on its climate action plan
    an update in early 2022
    Author: Mukherjee, Mohua
    Published: March 2022
    Publisher:  The Oxford Institute for Energy Studies, [Oxford]

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    Media type: Ebook
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    ISBN: 9781784671983
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    hdl: 10419/253285
    Series: Array ; 11
    Subjects: Climate Action; decarbonization; Efficiency; Energy Transition; India; Renewables
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  3. (In)efficient commuting and migration choices
    theory and policy in an urban search model
    Author: Marchiori, Luca; Pascal, Julien; Pierrard, Olivier
    Published: [2022]
    Publisher:  Institut de recherche économiques et sociales, UC Louvain, Louvain-la-Neuve

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    hdl: 2078.1/259644
    Series: LIDAM discussion paper IRES ; 2022, 06
    Subjects: Migration; Commuting; Urban search-and-matching; Efficiency; Policy
    Scope: 1 Online-Ressource (circa 49 Seiten)
  4. Organizational ambidexterity and long-term success
    multiperspective studies on culture, HRM, and leadership
    Author: Hölzl, Lukas
    Published: [2022]

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    Media type: Dissertation
    Format: Online
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    Subjects: Organisationale Ambidextrie; Führung; Organisationskultur; Personalpolitik; EDIS-5177; Mitarbeiter Wohlbefinden; innovation; employee well-being; Efficiency; long-term success; Langzeiterfolg; Effizienz; Personalmanagement; Innovation
    Scope: 1 Online-Ressource (circa 280 Seiten), Illustrationen
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    Dissertation, Universität St. Gallen, 2021
  5. Social versus individual work preferences
    implications for optimal income taxation
    Author: An, Zhiyong; Coady, David P.
    Published: 2022 MAR
    Publisher:  International Monetary Fund, [Washington, D.C.]

    The benchmark optimal income taxation model of Mirrlees (1971) finds that the optimal marginal income tax rate (MIT) is always non-negative. A key model assumption is the coincidence between social and individual work preferences. This paper extends... more

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    The benchmark optimal income taxation model of Mirrlees (1971) finds that the optimal marginal income tax rate (MIT) is always non-negative. A key model assumption is the coincidence between social and individual work preferences. This paper extends the model to allow for differences in social and individual work preferences. The theoretical and simulation analyses show that under this model, when the government places a higher social weight on work than individuals, the optimal MIT schedule is shifted downwards, introducing the possibility for optimal wage subsidies at the bottom of the income distribution. This implies lower revenues, demogrants, and overall progressivity

     
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  6. Characterizing pairwise strategy-proof rules in object allocation problems with money
    Author: Shinozaki, Hiroki
    Published: August 2022
    Publisher:  The Institute of Social and Economic Research, Osaka University, Osaka, Japan

    We consider the problem of allocating a single object to the agents with payments. Agents have preferences that are not necessarily quasi-linear. We characterize the class of rules satisfying pairwise strategy-proofness and non-imposition by the... more

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    We consider the problem of allocating a single object to the agents with payments. Agents have preferences that are not necessarily quasi-linear. We characterize the class of rules satisfying pairwise strategy-proofness and non-imposition by the priority rule. Our characterization result remains valid even if we replace pairwise strategy-proofness by either weaker effectively pairwise strategy-proofness or stronger group strategy-proofness. By exploiting our characterization, we identify the class of rules satisfying both the properties that are in addition (i) onto, (ii) welfare continuous, (iii) minimally fair , (iv) constrained efficient within the class of rules satisfying both the properties, or (v) revenue undominated within the class of rules satisfying the properties, and find the tension between minimal properties of efficiency, fairness, and revenue maximization under pairwise strategy-proofness.

     
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    Source: Union catalogues
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    hdl: 10419/267799
    Series: Discussion paper / The Institute of Social and Economic Research ; no. 1187
    Subjects: Pairwise strategy-proofness; Effectively pairwise strategy-proofness; Group strategy-proofness; Non-imposition; Efficiency; Fairness; Revenue maximization; Priority rules
    Scope: 1 Online-Ressource (circa 26 Seiten)
  7. (In)efficient commuting and migration choices
    theory and policy in an urban search model
    Author: Marchiori, Luca; Pascal, Julien; Pierrard, Olivier
    Published: April 2022
    Publisher:  Banque centrale du Luxembourg, Luxembourg

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    Series: Working paper / Banque centrale du Luxembourg ; no 159
    Subjects: Migration; Commuting; Urban search-and-matching; Efficiency; Policy
    Scope: 1 Online-Ressource (circa 52 Seiten), Illustrationen
  8. A homothetic data generated technology
    Author: Peyrache, Antonio
    Published: May 2022
    Publisher:  School of Economics, University of Queensland, St. Lucia, Qld., Australia

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    Series: Working paper series / Centre for Efficiency and Productivity Analysis ; 2022, no. WP 04
    Subjects: Input Homotheticity; Output Homotheticity; DEA; FDH; Efficiency
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  9. Further improvements of finite sample approximation of central limit theorems for Envelopment estimators
    Author: Simar, Léopold; Zelenyuk, Valentin; Zhao, Shirong
    Published: April 2022
    Publisher:  School of Economics, University of Queensland, St. Lucia, Qld., Australia

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    Series: Working paper series / Centre for Efficiency and Productivity Analysis ; 2022, no. WP 06
    Subjects: Efficiency; Non-parametric Efficiency Estimators; Data Envelopment Analysis; Free Disposal Hull
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  10. Market design for distributional objectives in (re)assignment
    an application to improve the distribution of teachers in schools
    Author: Combe, Julien; Dur, Umut Mert; Tercieux, Olivier; Terrier, Camille; Ünver, M. Utku
    Published: February 2022
    Publisher:  MIT Department of Economics, Cambridge, MA

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    Media type: Book
    Format: Online
    Series: Discussion paper / Blueprint Labs ; #2022, 04
    Subjects: Matching Theory; Market Design; Priority Design; Teacher Reassignment; Status-quo Improvement; Fairness; Efficiency; Distributional Welfare Measures
    Scope: 1 Online-Ressource (circa 88 Seiten), Illustrationen
  11. A characterization of the minimum price Walrasian rule with reserve prices for an arbitrary number of agents and objects
    Author: Wakabayashi, Yuya; Sakai, Ryosuke; Serizawa, Shigehiro
    Published: February 2022
    Publisher:  The Institute of Social and Economic Research, Osaka University, Osaka, Japan

    We consider the economy consisting of n agents and m heterogenous objects where the seller benefits v from objects. Our study focuses on the multi-object allocation problem with monetary transfers where each agent obtains at most one object... more

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    We consider the economy consisting of n agents and m heterogenous objects where the seller benefits v from objects. Our study focuses on the multi-object allocation problem with monetary transfers where each agent obtains at most one object (unit-demand). In the situation with arbitrary n, m and v, we show that the minimum price Walrasian rule with reserve prices adjusted to v on the classical domain is the only rule satisfying four desirable properties; efficiency, strategy- proofness, individual rationality and no-subsidy. Our result is an extension of that of Morimoto and Serizawa (2015), and so we can consider more general situation than them. Moreover, we characterize the minimum price Walrasian rules by efficiency, strategy-proofness and two-sided individual rationality.

     
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    hdl: 10419/263298
    Series: Discussion paper / The Institute of Social and Economic Research ; no. 1161
    Subjects: Multi-object allocation problem; Strategy-proofness; Efficiency; Mini-mum price Walrasian rule; Non-quasi-linear preference; Heterogeneous objects; Reserveprices
    Scope: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  12. Fees, incentives, and efficiency in large double auctions
    Author: Jantschgi, Simon; Nax, Heinrich H.; Pradelski, Bary; Pycia, Marek
    Published: 16 February 2022
    Publisher:  Centre for Economic Policy Research, London

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    Universitätsbibliothek Mannheim
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    Media type: Book
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    Series: Array ; 17039
    Subjects: Double Auction; Fees; Transaction Costs; Incentives; Strategyproofness; Efficiency; Robustness
    Scope: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  13. Revisiting CES utility functions for distributional preferences
    do people face the equality-efficiency trade-off?
    Author: Inukai, Keigo; Shimodaira, Yuta; Shiozawa, Kohei
    Published: October 2022
    Publisher:  The Institute of Social and Economic Research, Osaka University, Osaka, Japan

    The constant elasticity of substitution (CES) function is widely used to model distributional preferences in modified dictator games. However, it has been pointed out that its parameter interpretations are inconsistent and problematic in... more

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    The constant elasticity of substitution (CES) function is widely used to model distributional preferences in modified dictator games. However, it has been pointed out that its parameter interpretations are inconsistent and problematic in applications. We constructed a model to address this issue by combining two formulations of the CES function. We demonstrated that the proposed model provides consistent interpretations of parameters. Our results clarified that the conventional interpretations of the standard CES function parameters for describing distributional preferences are inappropriate. Notably, "the equality-efficiency trade-off," a conventional interpretation of the substitution parameter, is unrelated to observed individual behaviors.

     
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    hdl: 10419/296840
    Series: Discussion paper / The Institute of Social and Economic Research ; no. 1195
    Subjects: CES; Distributional preferences; Equality; Efficiency; Parameter recovery
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  14. Markets and transaction costs
    Author: Jantschgi, Simon; Nax, Heinrich H.; Pradelski, Bary S. R.; Pycia, Marek
    Published: [2022]
    Publisher:  University of Zurich, Department of Economics, Zurich

    Transaction costs are omnipresent in markets yet are often omitted in economic models. We show that their presence can fundamentally alter incentives and welfare in markets in which the price equates supply and demand. We categorize transaction costs... more

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    Transaction costs are omnipresent in markets yet are often omitted in economic models. We show that their presence can fundamentally alter incentives and welfare in markets in which the price equates supply and demand. We categorize transaction costs into two types. Asymptotically uninfluenceable transaction costs-such as fixed and price fees-preserve the key asymptotic properties of markets without transaction costs, namely strategyproofness, efficiency, and robustness to misspecified beliefs and to aggregate uncertainty. In contrast, influenceable transaction costs - such as spread fees - lead to complex strategic behavior (which we call price guessing) and may result in severe market failure. In our analysis of optimal design we focus on transaction costs that are fees collected by a platform as revenue. We show how optimal design depends on the traders' beliefs. In particular, with common prior beliefs, any asymptotically uninfluenceable fee schedule can be scaled to be optimal, while purely influenceable fee schedules lead to zero revenue. Our insights extend beyond markets equalizing demand and supply.

     
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    Source: Union catalogues
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    hdl: 10419/266246
    Edition: Revised version, September 2022
    Series: Working paper series / University of Zurich, Department of Economics ; no. 405
    Subjects: Transaction Costs; Markets; Demand and Supply; Incentives; Efficiency; Robustness
    Scope: 1 Online-Ressource
  15. Efficient communication in organizations
    Author: Vaccari, Federico
    Published: December 2022
    Publisher:  Fondazione Eni Enrico Mattei, Milano, Italia

    Organizations design their communication structures to improve decision-making while limiting wasteful influence activities. An efficient communication protocol grants completeinformation payoffs to all organization members, thereby overcoming... more

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    Organizations design their communication structures to improve decision-making while limiting wasteful influence activities. An efficient communication protocol grants completeinformation payoffs to all organization members, thereby overcoming asymmetric information problems at no cost. This paper characterizes efficient protocols assuming that: (i) some agents within the organization have the knowledge required for optimal decision-making; (ii) both the organization and consulted agents incur losses proportional to the exerted influence activities; and (iii) informed agents can discuss their strategies before being consulted. Under these assumptions, "public advocacy" is the unique efficient communication protocol. This result provides a novel rationale for public advocacy.

     
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    hdl: 10419/267504
    Series: Working paper / Fondazione Eni Enrico Mattei ; 2022, 39
    Subjects: Information; Communication; Organizations; Efficiency; Costly Talk
    Scope: 1 Online-Ressource (circa 20 Seiten)
  16. Empirical properties of an extended CES utility function in representing distributional preferences
    Author: Inukai, Keigo; Shimodaira, Yuta; Shiozawa, Kohei
    Published: December 2022
    Publisher:  The Institute of Social and Economic Research, Osaka University, Osaka, Japan

    In previous work, we proposed a method to address mathematical inconvenience by extending the constant elasticity of substitution (CES) utility function in Inukai, Shimodaira, and Shiozawa (2022, ISER DP No.1195). However, the relationships between... more

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    In previous work, we proposed a method to address mathematical inconvenience by extending the constant elasticity of substitution (CES) utility function in Inukai, Shimodaira, and Shiozawa (2022, ISER DP No.1195). However, the relationships between the extended CES parameters and the external measurements are yet unrevealed. To explore these empirical properties of the extended CES utility function, in this paper we construct an online experiment of Amazon Mechanical Turk workers using a modified dictator game, a public goods game, and a questionnaire. We then compare the parameters of the utility function according to the modified dictator game to behavior in the public goods game and the responses to the questionnaire. This provides evidence that the distribution parameter of the extended CES utility function measures the preference for equality or selfishness. However, we do not find any positive evidence that the substitution parameter measures the preference for efficiency.

     
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    Source: Union catalogues
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    Other identifier:
    hdl: 10419/296844
    Series: Discussion paper / The Institute of Social and Economic Research ; no. 1199
    Subjects: CES; Distributional preferences; Equality; Efficiency; Amazon Mechanical Turk
    Scope: 1 Online-Ressource (circa 86 Seiten), Illustrationen
  17. The design of teacher assignment
    theory and evidence
    Author: Combe, Julien; Tercieux, Olivier; Terrier, Camille
    Published: July 2022
    Publisher:  MIT Department of Economics, Cambridge, MA

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    Series: Discussion paper / Blueprint Labs ; #2022, 11
    Subjects: Two-sided matching markets; Teacher Assignment; Fairness; Efficiency
    Scope: 1 Online-Ressource (circa 90 Seiten), Illustrationen
  18. How Basel capital regulations influence bank efficiency in emerging economies
    a case study of the Vietnamese banking system
    Author: Phuong Thanh Le; Arjomandi, Amir; Borthwick, James
    Published: 2022
    Publisher:  University of Wollongong, Australia, [Wollongong]

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    Source: Union catalogues
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    Series: School of Business working paper series ; WP 22, 02 (Oct 2022)
    Subjects: Basel capital standard; Banks; Efficiency; Difference-in-Differences; Vietnam
    Scope: 1 Online-Ressource (circa 27 Seiten)
  19. Social versus individual work preferences
    implications for optimal income taxation
    Author: An, Zhiyong; Coady, David P.
    Published: 2022 MAR
    Publisher:  International Monetary Fund, [Washington, D.C.]

    The benchmark optimal income taxation model of Mirrlees (1971) finds that the optimal marginal income tax rate (MIT) is always non-negative. A key model assumption is the coincidence between social and individual work preferences. This paper extends... more

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    The benchmark optimal income taxation model of Mirrlees (1971) finds that the optimal marginal income tax rate (MIT) is always non-negative. A key model assumption is the coincidence between social and individual work preferences. This paper extends the model to allow for differences in social and individual work preferences. The theoretical and simulation analyses show that under this model, when the government places a higher social weight on work than individuals, the optimal MIT schedule is shifted downwards, introducing the possibility for optimal wage subsidies at the bottom of the income distribution. This implies lower revenues, demogrants, and overall progressivity

     
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