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"Buy-It-Now" or "Sell-It-Now" auctions : effects of changing bargaining power in sequential trading mechanisms
Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2015
at a fixed price before an auction. In the "Buy-It-Now" format, the seller has the bargaining power and offers a price … prior to the auction; whereas in the "Sell-It-Now" format, it is the buyer. Both formats are extensively used in online and … auction. …
Persistent link: https://www.econbiz.de/10011407823
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Shutdown contests in multi-plant firms and governmental intervention
Kräkel, Matthias - 2010
the effects of governmental support for domestic plants on selection efficiency. -- Auction ; collective tournament …
Persistent link: https://www.econbiz.de/10003947945
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Job search with bidder memories
Carrillo-Tudela, Carlos; Menzio, Guido; Smith, Eric - 2009
This paper revisits the no-recall assumption in job search models with take-it-or-leave-it offers. Workers who can recall previously encountered potential employers in order to engage them in Bertrand bidding have a distinct advantage over workers without such attachments. Firms account for this...
Persistent link: https://www.econbiz.de/10003879353
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Political culture and discrimination in contests
Epstein, Gil S.; Mealem, Yosef; Nitsan, Shemuʾel - 2010
CSFs), we show that an all-pay auction is always the preferred CSF from the point of view of the contest designer. This …. -- rent seeking political culture ; discrimination ; contests ; logit contest success function ; all-pay-auction …
Persistent link: https://www.econbiz.de/10009007019
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Competing with asking prices
Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2013
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10009696885
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Lotteries vs. all-pay auctions in fair and biased contests
Epstein, Gil S.; Mealem, Yosef; Nitsan, Shemuʾel - 2012
-type endogenously determined lottery is always superior to an all-pay-auction; it yields larger expected efforts (revenues) for the … optimal lottery is equal to his expected payoff under the optimal all-pay auction. -- contest design ; efforts (revenue …) maximization ; discrimination ; endogenous lottery ; all-pay auction …
Persistent link: https://www.econbiz.de/10009675128
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Search frictions, competing mechanisms and optimal market segmentation
Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2016
In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...
Persistent link: https://www.econbiz.de/10011476548
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Can job competition prevent hold-ups?
Jansen, Marcel (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001893839
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Endogenous monopsony and the perverse effect of the minimum wage in small firms
Danziger, Leif - 2009
The minimum wage rate has been introduced in many countries as a means of alleviating the poverty of the working poor. This paper shows, however, that an imperfectly enforced minimum wage rate causes small firms to face an upward-sloping labor supply schedule. Since this turns these firms into...
Persistent link: https://www.econbiz.de/10003879354
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Monitoring costs, credit constraints and entrepreneurship
Banerji, Sanjay; Raj, Rajesh S. N.; Sen, Kunal - 2012
The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10009548201