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Charity auctions for the happy few
Bos, Olivier - 2008
Recent literature has shown that all-pay auctions raise more money for charity than winner-pay auctions. We demonstrate that the first and second-price winner-pay auctions generate higher revenue than first-price all-pay auctions when bidders are sufficiently asymmetric. To prove it, we consider...
Persistent link: https://www.econbiz.de/10010264437
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Thegeneralized Stackelberg equilibrium of the all-pay auction with complete information
Konrad, Kai A.; Leininger, Wolfgang - 2005
We characterize the equilibrium of the all-pay auction with general convex cost of effort and sequential effort choices. We consider a set of n players who are arbitrarily partitioned into a group of players who choose their efforts ?early? and a group of players who choose ?late?. Only the...
Persistent link: https://www.econbiz.de/10010261378
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Inside the Mind of a Stock Market Crash
Giglio, Stefano - 2020
stock market crash induced by the COVID-19 pandemic, as well as during the subsequent partial stock market recovery. We … market high, (ii) on March 11-12, after the stock market had collapsed by over 20%, and (iii) on April 16-17, after the … market had rallied 25% from its lowest point. Following the crash, the average investor turned more pessimistic about the …
Persistent link: https://www.econbiz.de/10012832080
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Investors' Trading Behaviour and Stock Market Volatility During Crisis Periods : A Dual Long-Memory Model for the Korean Stock Exchange
Caporale, Guglielmo Maria - 2020
This study examines the impact of investors' buy and sell trades on Korean stock market volatility across two crisis … some institutional investors are more informed traders that stabilize the market compared to individuals that always …
Persistent link: https://www.econbiz.de/10012845690
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Immediate demand reduction in simultaneous ascending bid auctions
Riedel, Frank; Wolfstetter, Elmar - 2004
The present note analyzes the Simultaneous Ascending Bid Auction with arbitrarily many bidders with decreasing marginal valuations under complete information. We show that the game is solvable by iterated elimination of weakly dominated strategies if the efficient allocation assigns at least one...
Persistent link: https://www.econbiz.de/10010261069
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Impatience and Uncertainty : Experimental Decisions Predict Adolescents' Field Behavior
Sutter, Matthias - 2011
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of...
Persistent link: https://www.econbiz.de/10013118350
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Workforce or Workfare?
Brett, Craig - 2011
This article explores the use of workfare as part of an optimal tax mix when labor supply responses are along the extensive margin. Particular attention is paid to the interaction between workfare and an earned income tax credit, two policies that are designed to provide additional incentives...
Persistent link: https://www.econbiz.de/10013124395
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Fixed-Term and Permanent Employment Contracts : Theory and Evidence
Cao, Shutao - 2014
This paper constructs a theory of the coexistence of fixed-term and permanent employment contracts in an environment … permanent employees enjoy labor protection. In a labor market characterized by search and matching frictions, firms find optimal …
Persistent link: https://www.econbiz.de/10013069444
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The (Structural) Gravity of Epidemics
Cuñat, Alejandro - 2020
Epidemiological models assume gravity-like interactions of individuals across space without microfoundations. We combine a simple epidemiological frame-work with a dynamic model of individual location choice. The model predicts that flows of people across space obey a structural gravity...
Persistent link: https://www.econbiz.de/10012833717
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The Tradeoff between Indirect Network Effects and Product Differentiation in a Decarbonized Transport Market
Andreassen, Gøril L. - 2020
, partial equilibrium model for the road transport market. We find that two important factors that determine whether it will be …
Persistent link: https://www.econbiz.de/10012833722