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Late and multiple bidding in second price Internet auctions : theory and evidence concerning different rules for ending an auction
Ockenfels, Axel; Roth, Alvin E. - 2003
to incremental bidding. However, the strategic advantages of sniping are eliminated or severely attenuated in auctions …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 …
Persistent link: https://www.econbiz.de/10011508091
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Late and Multiple Bidding in Second Price Internet Auctions : Theory and Evidence Concerning Different Rules for Ending an Auction
Ockenfels, Axel; Roth, Alvin E. - 2021
to incremental bidding. However, the strategic advantages of sniping are eliminated or severely attenuated in auctions …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 …
Persistent link: https://www.econbiz.de/10013319851
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Does globalization create superstars? : a simple theory of managerial wages ; conference paper
Gersbach, Hans; Schmutzler, Armin - 2013 - This version: October 2012
To examine the impact of globalization on managerial compensation, we consider a matching model where firms compete both in the product market and in the managerial market. We show that globalization, that is, the simultaneous integration of product markets and managerial pools, leads to an...
Persistent link: https://www.econbiz.de/10010341147
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The dynamics of global crude oil production
Zaklan, Aleksandar; Zachmann, Georg; Neumann, Anne - 2010
We analyze the dynamic effect of prices and price volatility on current oil production, both on the level of country groups and the major individual producer countries. A comprehensive dataset at monthly frequency allows us to include a rich lag structure while controlling for key global and...
Persistent link: https://www.econbiz.de/10009268967
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Credit Rating Agencies and Regulatory Reform
Darbellay, Aline - 2012
This paper, a chapter in the forthcoming Research Handbook on the Economics of Corporate law, describes the leading research related to credit ratings, and assesses regulatory proposals related to ratings, including those in the Dodd-Frank Act of 2010. It explains how rating agencies have...
Persistent link: https://www.econbiz.de/10013107567
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Exclusive Handset Arrangements in the Wireless Industry : A Competitive Analysis
Subramanian, Upender - 2013
In many markets, a handset vendor and a service provider may enter into a tie-up for a handset to be available exclusively through the service provider. We examine when and why a service provider and a handset vendor may find this arrangement mutually profitable. We find that an exclusive tie-up...
Persistent link: https://www.econbiz.de/10013090265
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Multimarket Linkages, Cartel Discipline and Trade Costs
Agnosteva, Delina - 2018
We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....
Persistent link: https://www.econbiz.de/10012926563
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Market Power in International Commodity Trade : The Case of Coffee
Igami, Mitsuru - 2015
This paper studies the impact of market power on international commodity prices. I use a standard oligopoly model and exploit historical variations in the structure of the international coffee bean market to assess the impact of a cartel treaty on coffee prices and its global welfare...
Persistent link: https://www.econbiz.de/10013039191
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Corporate Social Responsibility and Firm Risk : Theory and Empirical Evidence
Albuquerque, Rui A. - 2019
This paper presents an industry equilibrium model where firms have a choice to engage in corporate social responsibility (CSR) activities. We model CSR as an investment to increase product differentiation that allows firms to benefit from higher profit margins. The model predicts that CSR...
Persistent link: https://www.econbiz.de/10012897379
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Corporate Social Responsibility and Firm Risk : Theory and Empirical Evidence
Albuquerque, Rui A. - 2018
This paper presents an industry equilibrium model where firms have a choice to engage in corporate social responsibility (CSR) activities. We model CSR as an investment to increase product differentiation that allows firms to benefit from higher profit margins. The model predicts that CSR...
Persistent link: https://www.econbiz.de/10012940360