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. …

investigate several puzzles from the recent auctions literature. Our results suggest that: (1) the reputation of an artist and the … provenance of the artwork, omitted variables in most previous studies, seem to be more important determinants of the sale price … in predicting whether or not an artwork sells at auction, (3) there is little supporting evidence for the widespread …

bid on prices, but also received points for three proxies of the quality of their services: their reputation, a … scoring weights of the quality items result in higher price bids, particularly of WTW-firms that are bidding for the first … time as entrants. For the WTW-firms that won the procurements, we find a higher weight for both the reputation and the …

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 …

experiment in which buyers and sellers trade a fictitious good in double auction markets. A per-unit tax is imposed on sellers … not. We find that the market equilibrium price in the treatment group is economically and statistically lower than in the …

. In our environment, sellers achieve this by posting an auction with a reserve price equal to their own valuation, along …

We derive a theoretical model of effort in the presence of career concern based on the multi-unit all-pay auction, and …