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Rent Seeking with Regretful Agents: Theory and Experiment
all-pay auctions regret experiment rent-seeking
2015/9/23
We investigate both theoretically and experimentally the role that information disclosure has on behavior in
all pay environments in which all agents must exert costly effort, but only the winner is ...
Multi-Object Auctions with Resale: Theory and Experiment
Multi-object Auctions Vickrey Second-Price Package Resale
2015/9/23
We study multi-object auctions in the presence of post-auction trade
opportunities among bidders who have either single- or multi-object demand. We
focus on two formats: Vickrey auctions where packa...
DESIGNING RANDOM ALLOCATION MECHANISMS:THEORY AND APPLICATIONS
Market Design Random Assignment Birkhoff-von Neumann Theorem Probabilistic Serial Pseudo-Market Utility Guarantee Assignment Messages
2015/7/21
Randomization is a common feature of everyday resource allocation. We generalize the theory of randomized assignment to accommodate various real-world constraints such as group-specific quotas (“contr...
We review the theoretical literature on market determinants of media bias. We present a
theoretical framework that organizes many key themes in the literature, and discuss substantive
lessons.
Deferred Acceptance Algorithms:History,Theory,Practice,and Open Questions
Diasporas Developing Countries and Economies Entrepreneurship Financing and Loans Cross-Cultural and Cross-Border Issues
2015/4/21
The deferred acceptance algorithm proposed by Gale and Shapley (1962) has had a profound influence on market design, both directly, by being adapted into practical matching mechanisms, and, indirectly...