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Can Job Competition Prevent Hold-Ups?
Jansen, Marcel - 2004
that never yield an efficient allocation. Moreover, our results extend the efficiency of auction mechanisms to an …
Persistent link: https://www.econbiz.de/10010261761
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Can Job Competition Prevent Hold-Ups?
Jansen, Marcel - Institute for the Study of Labor (IZA) - 2004
that never yield an efficient allocation. Moreover, our results extend the efficiency of auction mechanisms to an …
Persistent link: https://www.econbiz.de/10005703500
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Procedures for Eliciting Time Preferences
Freeman, David; Manzini, Paola; Mariotti, Marco; … - 2016
We study three procedures to elicit attitudes towards delayed payments: the Becker-DeGroot-Marschak procedure; the second price auction; and the multiple price list. The payment mechanisms associated with these methods are widely considered as incentive compatible, thus if preferences satisfy...
Persistent link: https://www.econbiz.de/10011479375
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Teams make you smarter: Learning and knowledge transfer in auctions and markets by teams and individuals
Maciejovsky, Boris; Sutter, Matthias; Budescu, David V.; … - 2010
We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of assets in a market context. Teams of traders learn the task's...
Persistent link: https://www.econbiz.de/10010285427
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Does Intermarriage Pay Off? A Panel Data Analysis
Nottmeyer, Olga - Institute for the Study of Labor (IZA) - 2010
Taking advantage of the panel structure of the data, the impact of intermarriage on labor market productivity as measured by earnings is examined. Contrarily to previous studies which rely on instrumental variable techniques, selection issues are addressed within a fixed effects framework. The...
Persistent link: https://www.econbiz.de/10008532120
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Teams Make You Smarter: Learning and Knowledge Transfer in Auctions and Markets by Teams and Individuals
Maciejovsky, Boris; Sutter, Matthias; Budescu, David V.; … - Institute for the Study of Labor (IZA) - 2010
We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of "assets" in a market context. Teams of traders learn the task’s...
Persistent link: https://www.econbiz.de/10008532122
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Job search with bidder memories
Carrillo-Tudela, Carlos; Menzio, Guido; Smith, Eric - 2009
This paper revisits the no-recall assumption in job search models with take-it-or-leave-it offers. Workers who can recall previously encountered potential employers in order to engage them in Bertrand bidding have a distinct advantage over workers without such attachments. Firms account for this...
Persistent link: https://www.econbiz.de/10010269602
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Redistributive politics and market efficiency: an experimental study
Großer, Jens; Reuben, Ernesto - 2009
candidates are possible - with little effect on market efficiency. Overall, the experimental results are explained by our …
Persistent link: https://www.econbiz.de/10010269668
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Charity Auctions : A Field Experimental Investigation
Carpenter, Jeffrey P.; Holmes, Jessica; Matthews, Peter Hans - 2004
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
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Political culture and discrimination in contests
Epstein, Gil S.; Mealem, Yosef; Nitzan, Shmuel - 2010
contestants. Focusing on the two most widely studied types of contest success functions (deterministic all-pay-auctions and logit …
Persistent link: https://www.econbiz.de/10010274640