Priority-based allocation often requires eliminating justified envy, making serial dictatorship (SD) the only non-wasteful direct mechanism with that property. However, SD’s outcomes can conflict with the…
Governments around the world are under pressure to reduce industrial energy use and emissions without losing out to international competition. For this reason, climate policies often come with exemptions or…
This paper studies the impact of downward wage rigidity on wage and employment dynamics after the outbreak of major recessions in Spain. Downward wage rigidity stems from collective agreements, which set…
We investigate profit-share auctions in a procurement context,comparing them with traditional cash auctions to identify which mechanism yields lower expenses for buyers. We also explore whether specifying a high…
Despite a decade of “Make in India,” the country’s manufacturing ambitions remain hamstrung by a fundamental constraint of skills deficit rooted in weak education policies. Drawing on systematic historical…
Many business relationships begin with informal interactions and later transition to formal contracts. Using a repeated-games model with a finite horizon, we show that this hybrid-contracting approach can both…
We study how far-right mass rallies affect people’s views about a city and thus location choices of nationals. To this end, we first exploit that the city of Dresden (Germany) unexpectedly experienced such…
This paper proposes a game-theoretic model to analyze the strategic behavior of incdec gaming in market-based congestion management (redispatch). We extend existing models by considering incomplete information…
