We study competitive awarding procedures of short haul railway passenger services in Germany from 1995 to 2011 by means of a newly collected data set. In particular, we use regression techniques to investigate the determinants of the number of bidders, the identity of the winning bidder and the...

We consider dynamic price-setting by firms in the presence of rating systems and asymmetric information about product quality. The current price determines the set of purchasing consumers and thereby affects future ratings and continuation profits. We outline the effects of prices on consumers'...

We study competitive awarding procedures of short haul railway passenger services in Germany from 1995 to 2011 by means of a newly collected data set. In particular, we use regression techniques to investigate the determinants of the number of bidders, the identity of the winning bidder and the...

We study competitive awarding procedures of short haul railway passenger services in Germany from 1995 to 2011 by means of a newly collected data set. In particular, we use regression techniques to investigate the determinants of the number of bidders, the identity of the winning bidder and the...

Maintaining good ratings increases the profits of sellers on online platforms. We analyze the role ofstrategic pricing for ratings management in a setting where a monopolist sells a good of unknownquality. Higher prices reduce the value for money, which on average worsens reviews. However,higher...

We study the tradeoff between fundamental risk and time. A time-constrained agent has to solve a problem. The agent dynamically allocates effort to implementing a known yet risky method or developing a new, less risky method. The time remaining to implement a new method determines the value of...