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. We approached about 4500 households, each participating in either an all-pay auction, a lottery, a non …-pay auction and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the … anomaly. First, participation in the all-pay auction is substantially lower than in the other mechanisms while the average …
Persistent link: https://www.econbiz.de/10011255620
, contractual, and legal solutions. Our results show that auctions (competition among many informed buyers) provide a solution to …
Persistent link: https://www.econbiz.de/10011256127
This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights …
Persistent link: https://www.econbiz.de/10011256873
's revenues. Efficiency and revenues are also higher when more bidders enter the auction.<P>This discussion paper has resulted in …
Persistent link: https://www.econbiz.de/10011257365
We examine the effect of railway travel on urban spatial structure in a polycentric urban land use model. We focus on the role of access to the railway network. We find that if the number of train stations is limited, the degree of urbanization is higher around train stations, but the effect of...
Persistent link: https://www.econbiz.de/10011255758
This paper reports the results of a stated preference study investigating the Willingness-to-pay (WTP) of employees at the Amsterdam Zuidas for the presence of non-shopping and shopping facilities. The Amsterdam Zuidas area, surrounding the current train-metro-tram station Amsterdam Zuid...
Persistent link: https://www.econbiz.de/10011256181
This paper is concerned with the economics of urban externalities. We start by reviewing the literature on urban externalities, and observe that although many interesting contributions have been made, there seems to be sufficient scope and need for further research, both theoretically and...
Persistent link: https://www.econbiz.de/10011256260
This paper explores the interactions between congestion pricing and a tax-distorted labor market within a monocentric urban equilibrium model. We compute the efficiency gains of various second-best policies, i.e. combinations of toll schemes and revenue recycling programs, with a predetermined...
Persistent link: https://www.econbiz.de/10011256327
A sound empirical and quantitative analysis on the relationship between different patterns of urban expansion and the environmental or social costs of mobility is rare, and the few studies available provide at best a qualitative discussion of these issues. Some recent tentative studies on the...
Persistent link: https://www.econbiz.de/10011256837
This paper studies urban sustainability from the perspective ofexternalities. We develop a general spatialequilibrium model of a monocentric city, in which two types ofexternalities occur. On the one hand, pollution inthe industrial centre leads to a spatially differentiateddeterioration of the...
Persistent link: https://www.econbiz.de/10011256850