at a fixed price before an auction. In the "Buy-It-Now" format, the seller has the bargaining power and offers a price …

unique equilibrium, which is separating. Higher-quality sellers post higher prices, so price signals quality. The arrival … higher continuation values. For some parameter values, higher-quality sellers post the full-information price; for other … values these sellers have to post a higher price to keep lower-quality sellers from mimicking them. In an extension, we show …

In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to … asking price and that this offer may be accepted if the seller receives no better offers. Despite their prevalence in a … environment with a few simple, realistic ingredients and demonstrate that using an asking price is optimal: it is the pricing …

analyze three therapeutic classes with different treatment durations and show that the reform led to substantial price … decreases for our lifelong treatment and to less substantial price reductions for our medium duration treatment while we do not …