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Contextually Private Mechanisms

By Andreas Haupt and Zoë Hitzig

American Economic Review

A designer employs a dynamic protocol to elicit private information. Protocols produce a set of contextual privacy violations— information learned that may be superfluous given the context. A protocol is maximally contextually private if there is no ...

Resource Misallocation in European Firms: The Role of Constraints, Firm Characteristics and Managerial Decisions

By Yuriy Gorodnichenko, Debora Revoltella, Jan Svejnar, and Christoph T. Weiss

American Economic Journal: Macroeconomics

Using a new survey, we document high dispersion of marginal revenue products across firms in the European Union (EU). To interpret this dispersion, we develop a highly portable framework to quantify gains from better allocation of resources. We demonstrat...