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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/10012114807
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/10011526113
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/10012606026
lottery ticket.li one license is auctioned, auctions select the firm that is least risk averse.This is what we call the risk …
Persistent link: https://www.econbiz.de/10010325283
of charity auctions, art auctions, and spectrum auctions. …
Persistent link: https://www.econbiz.de/10011819446
The popularity of open ascending auctions is often attributed to the fact that openly observable bidding allows to … activate revenue enhancing biases. In an experiment, we compare three auctions that differ in how much information is revealed …
Persistent link: https://www.econbiz.de/10014352203
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/10014547787
mechanism than the customer-initiated auction. When voting between the two auctions, participants tended to favor the server …
Persistent link: https://www.econbiz.de/10011288412
The objects for sale in most auctions possess both private and common value elements. This salient feature has not yet …
Persistent link: https://www.econbiz.de/10010324705
We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … Internet auctions. …
Persistent link: https://www.econbiz.de/10010325276