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We consider a Rothschild-Stiglitz-Spence labour market screening model and employ a centralised mechanism to coordinate the efficient matching of workers to firms. This mechanism can be thought of as operated by a recruitment agency, an employment office or head hunter. In a centralised...
Persistent link: https://www.econbiz.de/10010366528
This paper presents the results of an experimental study of preemptive jump bidding in English auctions with a flexible …
Persistent link: https://www.econbiz.de/10012961250
This paper develops a model of takeover auctions with a two-step information acquisition process. It shows that the …
Persistent link: https://www.econbiz.de/10012961252
underperforms in terms of efficiency relative to the winner-pay auctions. …
Persistent link: https://www.econbiz.de/10012500904
underperforms in terms of efficiency relative to the winner-pay auctions. …
Persistent link: https://www.econbiz.de/10012502954
This paper shows that in online car auctions, resellers are better at appraising the value of the cars they are bidding … on than are consumers. Using a unique data set of online car auctions, I show that differences in bidding behavior … information, one in which consumers are subsidized and one in which consumers are allowed into all-reseller auctions. Finally, I …
Persistent link: https://www.econbiz.de/10011430656
of charity auctions, art auctions, and spectrum auctions …
Persistent link: https://www.econbiz.de/10012953306
of charity auctions, art auctions, and spectrum auctions …
Persistent link: https://www.econbiz.de/10012953920
underperforms in terms of efficiency relative to the winner-pay auctions …
Persistent link: https://www.econbiz.de/10013231698
This paper studies the problem of information provision in auctions. The linkage principle indicates that credibly …
Persistent link: https://www.econbiz.de/10013242047