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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 …
Persistent link: https://www.econbiz.de/10012705816
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 …
Persistent link: https://www.econbiz.de/10013088652
We consider a labor market with search frictions in which workers make multiple applications and firms can post and commit to general mechanisms that may be conditioned both on the number of applications received and on the number of offers received by its candidate. When the contract space...
Persistent link: https://www.econbiz.de/10012864863
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 …
Persistent link: https://www.econbiz.de/10013009500
In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...
Persistent link: https://www.econbiz.de/10012990861
We derive a theoretical model of effort in the presence of career concern based on the multi-unit all-pay auction, and …
Persistent link: https://www.econbiz.de/10013049745
We investigate the relationship between the time politicians stay in office and the functioning of public procurement. To this purpose, we collect a data set on the Italian municipal governments and all the procurement auctions they administered between 2000 and 2005. Identification is achieved...
Persistent link: https://www.econbiz.de/10013141778
the degree of price rigidity that is inherent to the price setting mechanism (intrinsic) and that which is due to the … price's driving variables (extrinsic). Using two data sets consisting of a large fraction of the price quotes used to … compute the Belgian and French CPI, we are able to assess the role of intrinsic and extrinsic price stickiness in explaining …
Persistent link: https://www.econbiz.de/10013317064
). First, we find that educational attainment and language proficiency have a higher return in the Netherlands than in Germany … language proficiency. Third, for the Netherlands we find a positive relation between naturalisation and labour market position … Netherlands, and this may lead to a stronger incentive to naturalise for workers with a temporary contract …
Persistent link: https://www.econbiz.de/10014051625
Germany and the Netherlands. We compare labour market outcomes of Turkish immigrants, including both the first and second … employment and tenured job rate remains large for the Netherlands, while the standardized gap in the job prestige score remains … large for Germany. Differences in past immigration policies between Germany and the Netherlands are likely to be important …
Persistent link: https://www.econbiz.de/10014051634