group of citizens should a corrupt government official favor? In addition, what should be the basis for this favoritism? To … of citizens. Next, we show that the nature of this favoritism depends not only on the bribes received by the corrupt …

This paper tests whether upstream R&D cooperation leads to downstream collusion. We consider an oligopolistic setting … where firms enter in research joint ventures (RJVs) to lower production costs or coordinate on collusion in the product …

first-price sealed-bid auction (FPSB). In theory, both tacit and overt collusion are always incentive compatible in EN while …We experimentally examine the collusive properties of two commonly used auctions: the English auction (EN) and the … both can be incentive compatible in FPSB if the auction is repeated and bidders are patient enough. We find that the …

This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights …

We investigate experimentally whether emotions affect bidding behavior in a first price auction. To induce emotions, we … confront subjects after a first auction series with a positive or negative random economic shock. We then explore the relation … between emotions and bidding behavior in a second auction series. Our main results are: (i) the economic shock has a …

approached about 4500 households, each participating in either an all-pay auction, a lottery, a non-anonymous voluntary … contribution mechanism (VCM), or an anonymous VCM. In contrast to the VCMs, households competed for a prize in the all-pay auction … and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the laboratory …

implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis …

. We do so in procurement settings where the buyer can give the winning bidder incentives to exert effort on non …-price dimensions after the auction. Both auctions theoretically implement the surplus maximizing mechanism. Our experiment confirms …