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What Makes a Price Fair? An Experimental Analysis of Transaction Experience and Endogenous Fairness Views
Herz, Holger - 2016
People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet little is known about how these preferences are formed. In this paper, we provide clean evidence that previous transactions play an important role in shaping perceptions of...
Persistent link: https://www.econbiz.de/10012455952
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Platform Pricing at Sports Card Conventions
Jin, Ginger Zhe - 2012
findings: first, consumer pricing decreases with competition at any reasonable distance, but pricing to dealers is insensitive … to competition and in longer distances even increases with competition. Second, when consumer price is zero (and thus … constrained), dealer price decreases more strongly with competition. These results are compatible with existing models of two …
Persistent link: https://www.econbiz.de/10012460700
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Freedom to Trade and the Competitive Process
Edlin, Aaron - 2011
Although antitrust courts sometimes stress the competitive process, they have not deeply explored what that process is. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers forming improving coalitions. Much of antitrust can be...
Persistent link: https://www.econbiz.de/10012461839
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Deferred Acceptance Algorithms : History, Theory, Practice, and Open Questions
Roth, Alvin E. - 2007
, both directly, by being adapted into practical matching mechanisms, and, indirectly, by raising new theoretical questions …
Persistent link: https://www.econbiz.de/10012465429
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Spousal Effects in Smoking Cessation : Matching, Learning, or Bargaining?
McGeary, Kerry Anne - 2013
Previous research studying the correlation in smoking behavior between spouses has discounted the role of bargaining or learning. Using the Health and Retirement Study (HRS), which contains information on smoking cessation and spouse's preferences, this paper presents an essential investigation...
Persistent link: https://www.econbiz.de/10012459386
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The collapse of a medical clearinghouse (and why such failures are rare)
McKinney, C. Nicholas - 2003
The collapse of the clearinghouse for the entry-level gastroenterology labor market offers a unique opportunity to study how stable clearinghouses succeed and fail. To explore the reasons for the failure of the clearinghouse (and why failures of this kind of clearinghouse have been so rare), we...
Persistent link: https://www.econbiz.de/10012469236
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How Do Markets Function? An Empirical Analysis of Gambling on the National Football League
Levitt, Steven D. - 2003
The market for sports gambling is structured very differently than the typical financial market. In sports betting, bookmakers announce a price, after which adjustments are small and infrequent. As a consequence, bookmakers do not play the traditional role of market makers whose primary function...
Persistent link: https://www.econbiz.de/10012469281
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Market Mechanisms for Policy Decisions : Tools for the European Union
Casella, Alessandra - 2000
The thesis of this paper is that more transparent, rule-bound and subtle mechanisms for policy coordination will be needed to ensure the success of an enlarged European Union. A common policy is a public good with distributional implications. Economists have developed a large number of plausible...
Persistent link: https://www.econbiz.de/10012470703
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Games for Central Bankers : Markets v/s Politics in Public Policy Decisions
Casella, Alessandra - 2000
This paper questions the link between the establishment of a common currency among several countries and the necessity of political coordination. It begins by discussing why conducting a single monetary policy is thought to be easier within a single political unit. It then proceeds to enquire...
Persistent link: https://www.econbiz.de/10012470704
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The Visible Hand, the Invisible Hand and Efficiency
Goldman, Eitan - 2000
When a firm forms a market closes. Resources that were previously allocated via the price system are allocated by managerial authority within the firm. We explore this choice of organizational form using a model of price formation in which agents negotiate prices on behalf of their principals...
Persistent link: https://www.econbiz.de/10012471182