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 … offline markets. Despite very different strategic implications for buyers and sellers, results from our experiment suggest no …

own-price elasticity of quantity demand for soda of between -1.0 and -1.3. These estimates ignore consumer responses on … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity … demand is just -0.2 to -0.3, so tax-induced soda price increases might cut average weights by less than one pound, which is …

-constrained consumers' access to financial markets make demand insensitive to interest rate fluctuations. The demand of credit … price sector influence aggregate demand and, for monetary policy to have its desired effect, the central bank has to …

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 … market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand …

demand for car insurance. - the effects of increases in labor income risk after 1979 seem to be more than offset by a more …

of demand composition and demand size with limited information on costs. We show how pharmacists in Italy selectively …

democracy, subjects first earn their income by trading in a double auction market and thereafter vote on redistributive policies … equilibrium predictions. -- Redistribution ; double auction ; elections ; lobbying …

We investigate the emergence of discrimination in an experiment where individuals affiliated to different groups … discrimination. -- discrimination ; tournament ; groups ; experiment …

second price auction; and the multiple price list. The payment mechanisms associated with these methods are widely considered …