In empirical studies of sequential auctions of identical objects prices have been found to decline.We study auctions of … that sellers may have some control over the sequence of prices and therefore on their revenue.Our results point to the fact …

.e., conventional versus Islamic, in Pakistan between 2002:II to 2010:I. We find that following a monetary contraction, small banks with …

In the paper the impact of R&D cooperation on prices in experimental duopoly markets is examined.As a theoretical …, in general, prices are between the subgame perfect Nash and the cooperative level.Further, for both spillover levels … prices are higher in periods where R&D contracts are committed to, than in other periods, and to a lesser extent compared to …

have a exible price level with respect to the numeraire commodity but their relative prices are mutually fixed. In the long … run prices are assumed to be completely exible. For a given price level and fixed relative prices, markets can be … adjustment process in prices and quantities converging from a trivial equilibrium with complete demand rationing on all non …