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All three articles in my dissertation gather information from individuals, analyze it, and aggregate that information into forecasts of upcoming events. The motivation is to make forecasts more efficient (accurate and timely), more versatile (provide the most useful information for each...
Persistent link: https://www.econbiz.de/10009438764
Capital markets perform two distinct functions: provision of capital and facilitation of good governance through information production and monitoring. I argue that the governance function has more impact on the efficiency with which resources are utilized within the firm. Based on industry...
Persistent link: https://www.econbiz.de/10009476803
Capital markets perform two distinct functions: provision of capital and facilitation of good governance through information production and monitoring. I argue that the governance function has more impact on the efficiency with which resources are utilized within the firm. Based on industry...
Persistent link: https://www.econbiz.de/10009476906
This dissertation consists of three essays that apply both economic theory and econometric methods to understand design and dynamics of institutions. In particular, it studies how institutions aggregate information and deal with uncertainty and attempts to derive implications for optimal...
Persistent link: https://www.econbiz.de/10009429384
Several major websites offer hybrid auctions that allow advertisers tobid on a per-impression or a per-click basis. We … auctions, and (c) should consider advertisers'strategic incentives when forming click-through rate expectations inhybrid …
Persistent link: https://www.econbiz.de/10009435135
auctions. In this paper we examine this tradeoff between the auctioneers’ desire to expand their customer base and the bidders …
Persistent link: https://www.econbiz.de/10009441154
Tackling the problem of ecosystem services degradation is an important policy challenge. Different types of economic instruments have been employed by conservation agencies to meet this challenge. Notable among them are Payment for Ecosystem Services (PES) schemes that pay private landowners to...
Persistent link: https://www.econbiz.de/10009442289
face-to-face auctions than at comparable Internet auctions. The comparison overcomes adverse selection issues that commonly … dates between online and offline auctions. Furthermore, both auctions feature ascending price formats with ‘soft …. The results suggest that the higher prices and net revenues from traditional auctions are attributable to remaining …
Persistent link: https://www.econbiz.de/10009442785
We study the competition to operate an infrastructure service bydeveloping a model where firms must report a two-dimensional sealedbid: the price to consumers and the concession fee paid to the government. Two bidding rules are considered in this paper. One ruleconsists of awarding the...
Persistent link: https://www.econbiz.de/10009443213
discussion about the obtained results at the end. The first part provides a literature review on auctions and analyzes bidders …' behavior in Austrian cattle auctions. The aim is to investigate whether there are differences among bidders and whether bidders …
Persistent link: https://www.econbiz.de/10009467021