We offer a theoretical and empirical comparison of auctions and negotiated sales. We first build a simple model to show … that auctions generate a higher relative price than negotiated sales when demand for the asset is strong, when the asset is … more homogeneous, and when the asset attracts buyers with higher valuations. Using data from property sales in Singapore …

establishments’ sales. In contrast to the largely US-based literature, we find that smoke-free policies had a negative (yet moderate …) effect on establishment sales. Closure rates of businesses in the hospitality industry, however, were not significantly …

sales margins. Additionally, the study confirmed the influence of the following selected external profitability determinants …: market share, unemployment rate, and several industry-specific variables. This paper proposes the first set of sales …