We design and implement an iterative, program-proposing deferred acceptance mechanism with ties (IDAT) and apply it to childcare assignment in two German cities. The mechanism can accommodate complementarities…

• ZEW-ZEPHYR M&A Index Stabilises as Negative Trend May Come to an End
• Oil Industry Consolidating at Rapid Pace as Number of M&A Deals Hits All-Time Low
• Pandemic Slows M&A Announcements in the German Real…

• Misappropriation of Subsidies Weakens Effectiveness of Chinese Innovation Policy
• Which Measures Promote Energy Savings in Private Households Most Cost-Effectively?
• Debt-Equity Bias Should Be Addressed on…

Chapter of e-book edited by Oriana Bandiera, Erica Bosio  and Giancarlo Spagnolo

To insure policyholders against contemporaneous health expenditure shocks and future reclassification risk, long-term health insurance constitutes an alternative to community-rated short-term contracts with an…

Public spending (i.e., “G”) enables governments to fulfill their fiscal policies. This paper takes a micro perspective and quantifies the impact of procurement spending — a specific component of G — on firm…

We analyze competition on nonlinear prices in homogeneous goods markets with consumer search. In equilibrium firms offer two-part tariffs consisting of a linear price and lump-sum fee. The equilibrium production…

Consumers can acquire information through their own search efforts or through their social network. Information diffusion via word-of-mouth communication leads to some consumers free-riding on their “friends”…

In markets with search frictions, consumers can acquire information about goods either through costly search or from friends via word-of-mouth (WOM) communication. How do sellers’ market power react to a very…