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Why every Economist should Learn some Auction Theory

Klemperer, Paul - C.E.P.R. Discussion Papers - 2000

economic settings that do not, at first sight, look like auctions. We also discuss some more obvious applications, especially …

Persistent link: https://www.econbiz.de/10005792157

Doctors without Borders: The Returns to an Occupational License for Soviet Immigrant Physicians in Israel

Kugler, Adriana D.; Sauer, Robert M - C.E.P.R. Discussion Papers - 2003

Re-licensing requirements for professionals that move across borders are widespread. In this Paper, we measure the returns to an occupational license using novel data on Soviet trained physicians that immigrated to Israel. An immigrant re-training assignment rule used by the Israel Ministry of...

Persistent link: https://www.econbiz.de/10005136637

The Allocative Cost of Price Ceilings: Lessons to be Learned from the US Residential Market for Natural Gas

Davis, Lucas W; Kilian, Lutz - C.E.P.R. Discussion Papers - 2007

Following a Supreme Court decision in 1954, natural gas markets in the U.S. were subject to 35 years of intensive federal regulation. Several studies have measured the deadweight loss from the price ceilings that were imposed during this period. This paper concentrates on an additional component...

Persistent link: https://www.econbiz.de/10005791833

Auctions vs Negotiations in Public Procurement: Which Works Better?

Lalive, Rafael; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2011

Public agencies rely on two key modes to procure goods and services: auctions and direct negotiations. The relative … passenger railway services in Germany, where regional agencies can use auctions and negotiations to procure regional passenger … auctions. This analysis suggests accounting for the endogeneity of the choice of procurement mode by estimating the mode of …

Persistent link: https://www.econbiz.de/10009275960

Legal vs Ownership Unbundling in Network Industries

Cremer, Helmuth; Crémer, Jacques; De Donder, Philippe - C.E.P.R. Discussion Papers - 2006

This paper studies the impact of legal unbundling vs ownership unbundling on the incentives of a network operator to invest and maintain its assets. We consider an industry where the upstream firm first chooses the size of a network, while several downstream firms then compete in selling goods...

Persistent link: https://www.econbiz.de/10005136450

Price Controls and Consumer Surplus

Bulow, Jeremy I.; Klemperer, Paul - C.E.P.R. Discussion Papers - 2009

The condition for when a price control increases consumer welfare in perfect competition is tighter than often realised. When demand is linear, a small restriction on price only increases consumer surplus if the elasticity of demand exceeds the elasticity of supply; with log-linear or...

Persistent link: https://www.econbiz.de/10004976788

Lending Relationships in Germany: Empirical Results from Survey Data

Harhoff, Dietmar; Körting, Timm - C.E.P.R. Discussion Papers - 1998

We examine empirically the role of lending relationships in determining the collateral requirements, costs and availability of external funding. The data originates from a recently concluded survey of small- and medium-sized German firms. In our descriptive analysis, we explore the borrowing...

Persistent link: https://www.econbiz.de/10005123791

Demand Reduction and Pre-emptive Bidding in Multi-Unit License Auctions

Goeree, Jacob K.; Offerman, Theo; Sloof, Randolph - C.E.P.R. Discussion Papers - 2005

Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the …

Persistent link: https://www.econbiz.de/10005497722

Exclusive versus Non-exclusive Licensing Strategies and Moral Hazard

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2007

An upstream firm can license its innovation to downstream firms that have to exert further development effort. There are situations in which more licenses are sold if effort is a hidden action. Moral hazard may thus increase the probability that the product will be developed.

Persistent link: https://www.econbiz.de/10005497972

The Pricing of Art and the Art of Pricing: Pricing Styles in the Concert Industry

Courty, Pascal; Pagliero, Mario - C.E.P.R. Discussion Papers - 2012

We document the existence of pricing styles in the concert industry. Artists differ in the extent to which they rely on second- and third-degree price discrimination and in how likely they are to sell out concerts. Most strikingly, artists who use multiple seating categories are more likely to...

Persistent link: https://www.econbiz.de/10011084535

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