Existence in an overlapping generations model with production

Ankara : Department of Economics and the Institute of Economics and Social Sciences of Bilkent University, 1995.Thesis(Master's) -- Bilkent University, 1995.Includes bibliographical references leaves 44.This thesis proves the existence of competitive equilibrium in an overlapping generations model (OLG) with production. In the proof, existence of equilibrium in the classical Arrow-Debreu Model is essential, and the work is similar in spirit to that-presented in Balasko, Cass and Shell [2], except some tricks used in the proof. The assumptions do not deviate from standard assumptions, so the model can be taken as a first step in developing more general models.Abdulkadiroğlu, AtilaM.S

Abdurrahman Nureddin Pasha

In this work, life, character, personality an services of Abdurrahman Nureddin Pasha who was in service in the last period of Ottoman Empire, have been examined. Abdurrahman Nureddin Pasha's contrubutions to Ottoman cultural life and his services as state officer in Kastamonu has been discursed with all aspects

Ziya Paşa'nın Külliyatı'nda Sofuzade'nin Derkenar Notları

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The College Admissions problem with lower and common quotas

We study two generalised stable matching problems motivated by the current matching scheme used in the higher education sector in Hungary. The first problem is an extension of the College Admissions problem in which the colleges have lower quotas as well as the normal upper quotas. Here, we show that a stable matching may not exist and we prove that the problem of determining whether one does is NP-complete in general. The second problem is a different extension in which, as usual, individual colleges have upper quotas, but, in addition, certain bounded subsets of colleges have common quotas smaller than the sum of their individual quotas. Again, we show that a stable matching may not exist and the related decision problem is NP-complete. On the other hand, we prove that, when the bounded sets form a nested set system, a stable matching can be found by generalising, in non-trivial ways, both the applicant-oriented and college-oriented versions of the classical Gale–Shapley algorithm. Finally, we present an alternative view of this nested case using the concept of choice functions, and with the aid of a matroid model we establish some interesting structural results for this case

An experimental study on the incentives of the probabilistic serial mechanism

We report an experiment on the Probabilistic Serial (PS) mechanism for allocating indivisible goods. The PS mechanism, a recently discovered alternative to the widely used Random Serial Dictatorship mechanism, has attractive fairness and efficiency properties if people report their preferences truthfully. However, the mechanism is not strategy-proof, so participants may not truthfully report their preferences. We investigate misreporting in a set of simple applications of the PS mechanism. We confront subjects with situations in which the theory suggests that there is an incentive or no incentive to misreport. We find little misreporting in situations where misreporting is a Nash equilibrium. However, we also find a significant degree of misreporting in situations where there is actually no benefit to doing so. These findings suggest that the PS mechanism may have problems in terms of truthful elicitation

Charters without Lotteries: Testing Takeovers in New Orleans and Boston

Charter takeovers are traditional public schools restarted as charter schools. We develop a grandfathering instrument for takeover attendance that compares students at schools designated for takeover with a matched sample of students attending similar schools not yet taken over. Grandfathering estimates from New Orleans show substantial gains from takeover enrollment. In Boston, grandfathered students see achievement gains at least as large as the gains for students assigned charter seats in lotteries. A non-charter Boston turnaround intervention that had much in common with the takeover strategy generated gains as large as those seen for takeovers, while other more modest turnaround interventions yielded smaller effects.Institute of Education Sciences (U.S.) (Award R305A120269)National Science Foundation (U.S.) (award SES-1426541)Laura and John Arnold Foundatio

Research Design Meets Market Design: Using Centralized Assignment for Impact Evaluation

A growing number of school districts use centralized assignment mechanisms to allocate school seats in a manner that reflects student preferences and school priorities. Many of these assignment schemes use lotteries to ration seats when schools are oversubscribed. The resulting random assignment opens the door to credible quasi-experimental research designs for the evaluation of school effectiveness. Yet the question of how best to separate the lottery-generated variation integral to such designs from non-random preferences and priorities remains open. This paper develops easily-implemented empirical strategies that fully exploit the random assignment embedded in a wide class of mechanisms, while also revealing why seats are randomized at one school but not another. We use these methods to evaluate charter schools in Denver, one of a growing number of districts that combine charter and traditional public schools in a unified assignment system. The resulting estimates show large achievement gains from charter school attendance. Our approach generates efficiency gains over ad hoc methods, such as those that focus on schools ranked first, while also identifying a more representative average causal effect. We also show how to use centralized assignment mechanisms to identify causal effects in models with multiple school sectors

Breaking Ties: Regression Discontinuity Design Meets Market Design

Many schools in large urban districts have more applicants than seats. Centralized school assignment algorithms ration seats at over-subscribed schools using randomly assigned lottery numbers, non-lottery tie-breakers like test scores, or both. The New York City public high school match illustrates the latter, using test scores and other criteria to rank applicants at \screened” schools, combined with lottery tie-breaking at unscreened \lottery” schools. We show how to identify causal effects of school attendance in such settings. Our approach generalizes regression discontinuity methods to allow for multiple treatments and multiple running variables, some of which are randomly assigned. The key to this generalization is a local propensity score that quantifies the school assignment probabilities induced by lottery and non-lottery tie-breakers. The local propensity score is applied in an empirical assessment of the predictive value of New York City’s school report cards. Schools that receive a high grade indeed improve SAT math scores and increase graduation rates, though by much less than OLS estimates suggest. Selection bias in OLS estimates is egregious for screened schools