Do quality at entry assessments enhance the delivery of development projects? In this paper we take advantage of approval and execution systems in place at the Inter-American Development Bank (IDB) to examine whether projects that have higher quality at entry-captured through grading scores...

Are initial competitive advantages self-reinforcing, so that markets exhibit an endogenous tendency to be dominated by only a few firms? Although this question is of great economic importance, no systematic empirical study has yet addressed it. Therefore, we examine experimentally whether firms...

An experimental approach is used to examine the performance of three different multi-unit auction designs: discriminatory, uniform-price with fixed supply, and uniform-price with endogenous supply. We find that the strategies of the individual bidders and the aggregate demand curves are...