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This paper revisits recent empirical research on buyer credulity in arts auctions and auctions for assets in general …
Persistent link: https://www.econbiz.de/10010333976
We address the scheduling problem of reordering an existing queue into its efficient order through trade. To that end, we consider individually rational and balanced budget direct and indirect mechanisms. We show that this class of mechanisms allows us to form efficient queues provided that...
Persistent link: https://www.econbiz.de/10010334096