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We focus on the housing market and examine why nonlocal home buyers (NLBs) pay 15 percent more for houses than local home buyers (LBs). We estimate a housing demand model that returns heterogeneous willingness to pay parameters for housing attributes. Our results show that NLBs are willing to...
Persistent link: https://www.econbiz.de/10012832077
an essential part to bring the country on the path of economic growth, and competition within the sector is crucial to … achieve this goal. In this paper we analyze the effect of competition in public works tenders in the DRC. Using a unique and …
Persistent link: https://www.econbiz.de/10010291513
reputation building in bilateral bargaining, while buyer competition effectively masks this concern and robustly yields …
Persistent link: https://www.econbiz.de/10010264320
trustworthiness in anonymous transactions. Market competition creates incentives that arguably may enhance or curb the effectiveness … of these systems. We investigate how different forms of market competition and social reputation networks interact in a … series of laboratory online markets, where sellers face a moral hazard. We find that competition in strangers networks (where …
Persistent link: https://www.econbiz.de/10010264338
paper studies the long-run impact of procurement discrimination on market structure and future competition in industries … with respect to their initial cost distribution. This bias fosters future competition and reduces intertemporal expected …
Persistent link: https://www.econbiz.de/10010288456
If firms compete in all-pay auctions with complete information, silent shareholdings introduce asymmetric externalities into the all-pay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the strongest firm abstain from bidding. As a...
Persistent link: https://www.econbiz.de/10010261198
increases competition between the contestants, leading to higher total contest effort, unless the ex-post bargaining strength of … stronger competition. …
Persistent link: https://www.econbiz.de/10010261411
are on electricity-included property lease contracts causing them to face a marginal electricity price of zero. We use … electricity in response to summer temperature fluctuations. The result is retrieved under weaker identifying assumptions than … previous split incentives papers, and is robust when exposed to several opportunities to fail. The electricity reduction in …
Persistent link: https://www.econbiz.de/10012866313
Proponents of Bitcoin argue that demand for electricity from Bitcoin miners can lead to an increase in renewable … electricity capacity. We rigorously evaluate this claim by estimating a Bitcoin electricity demand curve and include this demand … curve in a long-run model of the Texas electricity market. We find that while Bitcoin mining can indeed increase renewable …
Persistent link: https://www.econbiz.de/10014239209
We analyse the drivers of European Power Exchange (EPEX) wholesale electricity prices between 2012 and early 2022 using … effects are key in wholesale electricity markets. Out-of- sample prediction errors using machine learning are (slightly) lower … green the energy matrix on wholesale electricity prices are first order. CO2 permit prices strongly impact electricity …
Persistent link: https://www.econbiz.de/10014081588