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作者：Chambers, Christopher P.; Yenmez, M. Bumin
摘要：We provide several characterizations of q-responsive choice functions, based on classical axioms of matching theory and revealed preference theory. (C) 2018 Elsevier Inc. All rights reserved.
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作者：Diasakos, Theodoros M.; Koufopoulos, Kostas
作者单位：University of Stirling; University of Leicester
摘要：This paper revisits the problem of adverse selection in the insurance market of Rothschild and Stiglitz (1976). We extend the three-stage game in Hellwig (1987) by allowing firms to endogenously choose whether or not to pre-commit on their contractual offers (menus). We show how this mechanism can deliver the Miyazaki-Wilson-Spence allocation as the unique perfect-Bayesian equilibrium. This allocation is the unique incentive-efficient and individually-rational maximizer of the utility of the m...
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作者：Fischer, Mira; Sliwka, Dirk
作者单位：University of Cologne
摘要：Previous research has shown that feedback about past performance has ambiguous effects on subsequent performance. We argue that feedback affects beliefs in different dimensions - namely beliefs about the level of human capital and beliefs about the ability to learn and this may explain some of the ambiguous effects. We experimentally study the causal effects of an exogenously administered change in beliefs in both of these dimensions on the motivation to learn. We find that confidence in the a...
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作者：Lindsay, Luke
作者单位：University of Exeter
摘要：This paper explores how the Shapley value can be used as the basis of a payment rule for auctions and exchanges. The standard Shapley value is modified so that losing bidders do not make or receive any payments. The new rule, called the balanced winner contribution (BWC) rule, satisfies a variation of Myerson's balanced contribution property. The payment rule is fair in the sense that, with respect to reported values, the members of every pair of traders make equal contributions to each other'...
