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A Kinky Consistency: Experimental Evidence of Behavior under Linear and Nonlinear Budget Constraints

By Emiliano Huet-Vaughn, Ethan M. L. McClure, and Juan Carlos Suárez Serrato

American Economic Journal: Microeconomics, August 2024

Individuals face nonlinear incentives in myriad situations. We test a fundamental assumption in such settings: that individuals display stable preferences when facing linear and nonlinear incentives. We use a laboratory experiment to characterize how reve...

A Discrimination Report Card

By Patrick Kline, Evan K. Rose, and Christopher R. Walters

American Economic Review, August 2024

We develop an empirical Bayes ranking procedure that assigns ordinal grades to noisy measurements, balancing the information content of the assigned grades against the expected frequency of ranking errors. Applying the method to a massive correspondence e...

Crowding in School Choice

By William Phan, Ryan Tierney, and Yu Zhou

American Economic Review, August 2024

We consider the market design problem of matching students to schools in the presence of crowding effects. These effects are salient in parents' decision-making and the empirical literature; however, they cause difficulties in the design of satisfactory m...

Buying from a Group

By Nima Haghpanah, Aditya Kuvalekar, and Elliot Lipnowski

American Economic Review, August 2024

A buyer procures a good owned by a group of sellers whose heterogeneous cost of trade is private information. The buyer must either buy the whole good or nothing, and sellers share the transfer in proportion to their share of the good. We characterize the...