of reputation on sale price. In contrast, our results point to a highly significant, and sizable, impact of reputation on … reputation. Several aspects distinguish our work from most existing research. We analyze a heterogeneous panel data consisting of … a large number of observations over a large period of time, including significant variation in reputation across and …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction …, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most … discontinuity of the required steps can rule out pure-strategy equilibria and may result in price instability. This paper argues …

. In the preparation of the auction, two designs involving each a hybrid of an English and a sealed-bid auction were … suggested by the government: a discriminatory and a uniform price variant. We report an experiment on these two designs, and … also compare the results to those with a pure English auction. Both hybrids are similar in efficiency, revenue differences …

the spot market. -- capacity market ; procurement auction ; electricity market ; competitive equilibrium …

We study price determinants and investment performance of art based on a vast sample of transactions around the world … reached for paintings at high-end of the price distribution, for oil paintings, for more recent art movements, for … transactions by reputable auction houses. The risk-return tradeoff of paintings underperforms that of other passion investments …

The objective of this paper is to assess the degree and the structure of price dependence between different coffee … qualities of the Arabica and Robusta varieties. This is pursued using the statistical tool of copulas and monthly price data for … the period 1990:1–2014:12. Our results reveal evidence of asymmetric price dependence between the pairs Brazilian …

consider the sequential auction of two goods by a seller with private information about their values. We find that the seller …

We build a model of price differentiation with firm heterogeneity, which allows for imperfect competition and market …-level data surveyed by ISAE. We document that export-domestic price margins are significantly affected by price and quality …, we provide evidence of a strong heterogeneity across firms in their reaction to price and quality competitiveness …

Uniform-price auctions of a divisible good in fixed supply admit underpricing equilibria, where bidders submit high … the amount of divisible good on offer change endogenously with its (uniform) price. Precommitting to an increasing supply …