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. …

predictive content of the traditional theory of competitive supply. A number of key results in the deterministic theory follow as … subsuming the traditional theory as a special case. -- Supply aggregation ; stochastic supply function ; stochastic consistency …We utilize the analytical construct of a stochastic supply function to provide an aggregate representation of a finite …

In a Cournot-oligopoly with free but costly entry and business stealing, output per firm is too low and the number of … distortions occurring in oligopoly. Specifically, excessive entry is aggravated and the welfare loss due to market power rises. …

We develop a product market theory that explains why firms invest in general training of their workers. We consider a …

The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated … the growing literature on models used to study demand, consumer baseline (CBL) and demand response in the electricity … case for possible application to the electricity market and discusses the implications of the results. In the literature …

the effects of governmental support for domestic plants on selection efficiency. -- Auction ; collective tournament …