Showing 1 - 10 of 140
We consider an economy in which firms need to invest in capital before they can advertise a job, while applicants may have to compete for jobs. Our aim is to investigate how this competition affects the investment decisions of firms. Our first result shows that the economy always generates the...
Persistent link: https://www.econbiz.de/10010261761
We consider an economy in which firms need to invest in capital before they can advertise a job, while applicants may have to compete for jobs. Our aim is to investigate how this competition affects the investment decisions of firms. Our first result shows that the economy always generates the...
Persistent link: https://www.econbiz.de/10005703500
We study experimentally the effect of bargaining power in two sequential mechanisms that offer the possibility to trade 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"...
Persistent link: https://www.econbiz.de/10011420742
This paper studies the effect of tax evasion on the economic incidence of sales taxes. We design a laboratory experiment in which buyers and sellers trade a fictitious good in double auction markets. A per-unit tax is imposed on sellers, and sellers in the treatment group are provided the...
Persistent link: https://www.econbiz.de/10010352255
investigate several puzzles from the recent auctions literature. Our results suggest that: (1) the reputation of an artist and the …
Persistent link: https://www.econbiz.de/10010268627
. To this purpose, we collect a data set on the Italian municipal governments and all the procurement auctions they … of favoritism in repeated procurement auctions, where time reveals collusive types, thus increasing the value of illegal …We investigate the relationship between the time politicians stay in office and the functioning of public procurement …
Persistent link: https://www.econbiz.de/10010269756
Auctions are a popular way to raise money for charities, but relatively little is known, either theoretically or … empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should … garner more money than winner-pay auctions. We conduct field experiments to test which sealed bid format, first price, second …
Persistent link: https://www.econbiz.de/10010271934
This paper considers a random search model where some locations provide sellers with better chances of meeting many buyers than other locations (for example popular shopping streets or the first page of a search engine). When sellers are heterogeneous in terms of the quality of their product...
Persistent link: https://www.econbiz.de/10014533898
be decentralized by sellers posting auctions combined with a fee that is paid by (or to) all buyers with whom the seller …
Persistent link: https://www.econbiz.de/10011494322
The literature offers two foundations for competitive search equilibrium, a Nash approach and a market-maker approach. When each buyer visits only one seller (or each worker makes only one job application), the two approaches are equivalent. However, when each buyer visits multiple sellers, this...
Persistent link: https://www.econbiz.de/10012658103