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We show how frictions and continuous transfers jointly affect equilibria in a model of matching in trading networks. Our model incorporates distortionary frictions such as transaction taxes, bargaining costs, and incomplete markets. When contracts are fully substitutable for firms, competitive...
Persistent link: https://www.econbiz.de/10012212204
The non-distribution constraint of non-governmental organizations (NGOs) would be harder, and financiers as well as recipients could expect more charitable output from them, if less efficient NGOs were squeezed out of international development cooperation. We employ Probit and complementary...
Persistent link: https://www.econbiz.de/10010348622
Using data on all FCC auctions of spectrum related to cellular services from 1997 to 2015 we attempt to identify … intrinsic spectrum values from winning auction bids. Our analysis includes 15 auctions and close to 7,200 observations. We add …
Persistent link: https://www.econbiz.de/10011688228
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We study entry and bidding patterns in sealed bid and open auctions with heterogeneous bidders. Using data from U ….S. Forest Service timber auctions, we document a set of systematic effects of auction format: sealed bid auctions attract more … extends the theory of private value auctions with heterogeneous bidders to capture participation decisions, that can account …
Persistent link: https://www.econbiz.de/10011607074
The non-distribution constraint of non-governmental organizations (NGOs) would be harder, and financiers as well as recipients could expect more charitable output from them, if less efficient NGOs were squeezed out of international development cooperation. We employ Probit and complementary...
Persistent link: https://www.econbiz.de/10010277996
Persistent link: https://www.econbiz.de/10000778003
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