Showing 1 - 10 of 2,989
We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and innate abilities generate inventions of varying qualities. The designer offers a reward to the contestant achieving the highest quality and receives the revenue generated by the...
Persistent link: https://www.econbiz.de/10010260048
In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit … their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … are automatically extended if a bid is submitted very late, as in auctions conducted on Amazon. We propose a model of …
Persistent link: https://www.econbiz.de/10011508091
This paper studies uniform-price auctions for multiple units of airport slots in which the airlines purchase slots for …
Persistent link: https://www.econbiz.de/10012942912
We provide evidence that culture is a source of pricing bias. In a sample of 1.9 million auction transactions in 49 countries, paintings by female artists sell at an unconditional discount of 42.1%. The gender discount increases with measures of country-level gender inequality — even in artist...
Persistent link: https://www.econbiz.de/10012520374
In second price internet auctions with a fixed end time, such as those on eBay, many bidders "snipe", i.e., they submit … their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … are automatically extended if a bid is submitted very late, as in auctions conducted on Amazon. We propose a model of …
Persistent link: https://www.econbiz.de/10013319851
A number of countries used discriminatory government procurement policies as part of stimulus packages designed to … procurement markets, the level of home bias they exhibit, and the effectiveness of multilateral and bilateral procurement … agreements in reducing that bias. The share of procurement in GDP has been increasing gradually since 1995 with clear spikes …
Persistent link: https://www.econbiz.de/10011695353
We consider innovation contests for the procurement of an innovation under moral hazard and adverse selection … random quality. Innovation quality is not contractible. We compare two procurement mechanisms -- a fixed prize and a first …
Persistent link: https://www.econbiz.de/10014197603
Public sales art catalogues include low and high pre-sale price estimates by experts. This makes it possible to analyze whether pre-sale estimates are unbiased predictors of realized prices. Unbiasedness is tested using a sample of some 1,600 lots of English silver auctioned by Christie's and...
Persistent link: https://www.econbiz.de/10014059587
mechanisms and other market mechanisms involving auction procedures. Among the various auction mechanisms, scoring auctions and …
Persistent link: https://www.econbiz.de/10014346821
We use a unique hand collected data set of 6,258 auctions from the online football manager game Hattrick to study …
Persistent link: https://www.econbiz.de/10010333824