This paper analyzes risk aversion in discriminatory share auctions. I generalize the k ‐step auction model of Kastl (2011, 2012) and establish that marginal profits are set‐identified for any given coefficient constant absolute aversion. also derive necessary conditions best‐response behavior, which allows determining preferences from bidding data. Further, show how bidders' optimality allow co...

Rent-seeking in the trade sector is an outcome of restrictions imposed on tariffs and import quotas by a government. In an effort to acquire more privilege in foreign trade, labor allocates a part of its time-effort to rent-seeking activity, while cutting down on production work. Given the importance of rent-seeking activity due to restrictions imposed by the government in the Iranian economy, ...

Fishery policies have largely developed in response to experienced problems. The last major change is the introduction of individual transferable quotas, ITQs. This seems to be a promising policy instrument compared to previous policies. Extrapolating from previous experiences, however, a further investigation of the ITQ system may reveal weakness of this instrument as well and may help improve...

150 words) Gender quotas have been adopted in over a hundred countries in an effort to address gender disparities in national legislatures. Yet, the determinants of citizen support for gender quota policies remain largely understudied. We develop a theory that emphasizes the impact of institutional performance and political values to explain citizen support for gender quotas and how these two f...

Gender quotas have been adopted in over a hundred countries in an effort to address gender disparities in national legislatures. Yet the determinants of citizen support for gender quota policies remain largely understudied. We develop a theory that emphasizes the impact of institutional performance and political values to explain citizen support for gender quotas and how these two factors diffe...

National gender quotas—policies that require a certain percentage of women candidates or legislators—are becoming more effective over time. Using data on 145 countries from 1990 to 2010, we document this trend with latent growth-curve models. Part of the explanation for increasing effectiveness is that countries have ratcheted up targets for women’s inclusion and that quotas are increasingly wr...

We compare the effects of taxes and quotas for an environmental problem where the regulator and polluter have asymmetric information about abatement costs, and environmental damage depends on pollution stock. An increase in the slope of the marginal abatement cost curve, or a decrease in the slope of the marginal damage curve, favors taxes. An increase in the discount rate or the stock decay ra...

Sen’s libertarian paradox is ascribed to the inevitable conflict between the Pareto criterion and individuals’ rights to create negative externalities. Finite coalitions can effect exchanges of rights through Coaseian bargains in order to resolve inefficiencies due to local externalities. With a continuum of agents, however, finite coalitions are powerless to affect widespread externalities, ex...

Although minimum quotas are important in many real-world markets, existing strategyproof mechanisms require an unrealistic assumption that all students consider all schools acceptable (and vice-versa). We develop a strategyproof matching mechanism called Priority-List based Deferred Acceptance mechanism with Minimum Quotas (PLDA-MQ), which works under more realistic assumptions: (i) a student c...

Implementing quotas in university admissions: An experimental analysis by Sebastian Braun, Nadja Dwenger, Dorothea Kübler* and Alexander Westkamp Quotas for special groups of students often apply in school or university admission procedures. This paper studies the performance of two mechanisms to implement such quotas in a lab experiment. The first mechanism is a simplified version of the mecha...