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investigate several puzzles from the recent auctions literature. Our results suggest that: (1) the reputation of an artist and the …) there is strong evidence in our data for the declining price anomaly, or "afternoon effect". -- Art auctions ; masterpiece …
Persistent link: https://www.econbiz.de/10003688791
This paper assesses the effects of changes in scoring weights in auctions, using a unique sample of biddings of private … methodology item to contribute to the job placement of workers. -- scoring auctions ; welfare-to-work …
Persistent link: https://www.econbiz.de/10009683192
We study experimentally the effect of bargaining power in two sequential mechanisms that offer the possibility to trade 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"...
Persistent link: https://www.econbiz.de/10011407823
This paper examines, both theoretically and empirically, the effect of social networks and belonging to minority groups (or race) on the probability of winning in reality television shows. We develop a theoretical model that studies viewer behavior by presenting a framework of competition...
Persistent link: https://www.econbiz.de/10008689021
. To this purpose, we collect a data set on the Italian municipal governments and all the procurement auctions they … importantly, the winning rebate. Interestingly, we also find that the probability that the same firm is awarded more auctions, or … of favoritism in repeated procurement auctions, where time reveals collusive types, thus increasing the value of illegal …
Persistent link: https://www.econbiz.de/10003962924
We investigate the emergence of discrimination in an experiment where individuals affiliated to different groups compete for a monetary prize, submitting independent bids to an auctioneer. The auctioneer receives perfect information about the bids (i.e. there is no statistical discrimination),...
Persistent link: https://www.econbiz.de/10009523534
and allocations. -- asking prices ; competing mechanism design ; auctions with entry ; competitive search …
Persistent link: https://www.econbiz.de/10009696885
In a market in which sellers compete by posting mechanisms, we study how the properties of the meeting technology affect the mechanism that sellers select. In general, sellers have incentive to use mechanisms that are socially efficient. In our environment, sellers achieve this by posting an...
Persistent link: https://www.econbiz.de/10010387737
This paper studies the effect of tax evasion on the economic incidence of sales taxes. We design a laboratory experiment in which buyers and sellers trade a fictitious good in double auction markets. A per-unit tax is imposed on sellers, and sellers in the treatment group are provided the...
Persistent link: https://www.econbiz.de/10010350418
be decentralized by sellers posting auctions combined with a fee that is paid by (or to) all buyers with whom the seller …
Persistent link: https://www.econbiz.de/10011476548