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Collusion in beauty contests
Wambach, Achim - 2002
During the recent sales of UMTS licenses in Europe some countries used auctions while others resorted to so … argument why beauty contests or negotiations might be dominated by auctions, which is closely linked to the multi …
Persistent link: https://www.econbiz.de/10011409963
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Collusion in Beauty Contests
Wambach, Achim - CESifo - 2002
During the recent sales of UMTS licenses in Europe some countries used auctions while others resorted to so … argument why beauty contests or negotiations might be dominated by auctions, which is closely linked to the multi …
Persistent link: https://www.econbiz.de/10005051542
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An Analysis of Market-Based and Statutory Limited Liability in Second Price Auctions
Saral, Krista Jabs - Volkswirtschaftliche Fakultät, … - 2009
In auctions where bidders are uncertain of their value and are fully liable for their bids, there exists the potential …
Persistent link: https://www.econbiz.de/10008645124
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Less Rationality, More Efficiency: a Laboratory Experiment on "Lemon" Markets.
Kirstein, Annette; Kirstein, Roland - 2004
We have experimentally tested a theory of bounded rational behavior in a "lemon market". It provides an explanation for the observation that real world players successfully conclude transactions when perfect rationality predicts a market collapse. We analyzed two different market designs :...
Persistent link: https://www.econbiz.de/10010296891
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Europäischer Verbraucherschutz - Ausdruck grenzenloser Regulierungswut oder sinnvoller Schutz für Käufer? Erkenntnisse aus einem Laborexperiment
Kirstein, Roland; Kirstein, Annette - 2006
Wir nutzen die Ergebnisse eines Experiments über Lemons-Märkte, um wirtschaftspolitische Folgerungen über die EU-Verbraucherschutzregulierung von 1999 abzuleiten. Die beiden Marktdesigns, die im Experiment getestet wurden, unterscheiden sich hinsichtlich des Grades, zu dem die Verbraucher das...
Persistent link: https://www.econbiz.de/10010296934
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Less Rationality, More Efficiency: a Laboratory Experiment on "Lemons" Markets
Kirstein, Annette; Kirstein, Roland - 2004
In this paper we experimentally test a theory of boundedly rational behavior in a "lemons market." We analyzed two different market designs, for which perfect rationality implies complete and partial market collapse, respectively. Our empirical observations deviate substantially from these...
Persistent link: https://www.econbiz.de/10010296939
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Less rationality, more efficiency : a laboratory experiment on "lemons" markets
Kirstein, Roland; Kirstein, Annette - 2005 - Version of October 2005
In this paper we experimentally test a theory of boundedly rational behavior in a "lemons market." We analyzed two different market designs, for which perfect rationality implies complete and partial market collapse, respectively. Our empirical observations deviate substantially from these...
Persistent link: https://www.econbiz.de/10010506629
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Be kind or take it on the chin? : political narratives, pandemics, and social distancing
Anand, Kartik; Gai, Prasanna; Louyot, Edmond; Wu, Sherry X. - 2021
Persistent link: https://www.econbiz.de/10012672357
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Real rigidity, nominal rigidity, and the social value of information
Angeletos, Marios; Iovino, Luigi; La'O, Jennifer - 2015 - This version: 9 March, 2015
Persistent link: https://www.econbiz.de/10011809510
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Be kind or take it on the chin? : political narratives, pandemics, and social distancing
Anand, Kartik; Gai, Prasana; Lou, Edmund; Wu, Sherry X. - 2020
Persistent link: https://www.econbiz.de/10012542384