The Federal Communications Commission’s (FCC’s) ongoing Incentive Auction will, if successful, transfer billions of dollars of radio spectrum from television broadcasters to mobile-network operators. Hundreds of broadcasters may go off the air. Most of those remaining on the air, including hundreds of Canadian broadcasters not bidding, will have to move to new channels to continue broadcasting....

We design approximate weakly group strategy-proof mechanisms for resource reallocation problems using Milgrom and Segal’s deferred acceptance auction framework: the radio spectrum and network bandwidth reallocation problems in the procurement auction setting and the cost minimization problem with set cover constraints in the selling auction setting. Our deferred acceptance auctions are derived ...

We examine properties of a model of resource allocation in which several agents exchange resources in order to optimise their individual holdings. The schemes discussed relate to well-known negotiation protocols proposed in earlier work and we consider a number of alternative notions of “rationality” covering both quantitative measures, e.g. cooperative and individual rationality and more quali...

In both the U.S. and the OECD, highand low-paying occupations expanded relative to middle-wage occupations during the 1990s and 2000s. We explore changes in the age structure of occupations as a means to analyze the reallocation of workers from middleskill occupations towards the tails of the distribution. We posit that occupations typically expand by hiring young workers and contract by curtai...

A. Major Technical Results in Brief A new technique for flexible frequency-band reallocation has been developed that can substantially outperform the existing ones when all desired aspects such as flexibility, low complexity and inherent parallelism, perfect frequency-band reallocation (PFR), spectral efficiency, and simplicity are simultaneously considered. In particular, compared with previou...

We investigate whether government credit guarantee schemes, extensively used after the onset of Covid-19 pandemic, led to substitution non-guaranteed with guaranteed rather than fully adding supply lending. study this issue using a unique euro-area register data, matched supervisory bank data and establish two main findings. First, loans were mostly extended small but comparatively creditworthy...

This paper studies the extent to which cyclicality of occupational mobility shapes that aggregate unemployment and its duration distribution. We document relation between workers' over long run business cycle. To interpret this evidence, we develop a multisector cycle model with heterogenous agents. The is quantitatively consistent several important features US labor market: procyclical gross c...