One most conspicuous and curious phenomenon in online auctions is that a large fraction of goods sold have posted price clauses whereby bidders can buy the goods without taking part in the auctions. Two types of posted price clauses exemplified by Amazon and eBay are found. The paper first...

The present study investigates whether Hong Kong's volatile real estate market is consistent with a non-linear consumption-based-asset-pricing model. It finds that the asset-pricing model is not rejected for some types of properties. However, the differentials between the returns to residential...

In this paper, ad valorem and unit taxation are compared on a model that allows for various monopolistic pricing policies, including uniform pricing and all three types of Pigouvian price discrimination. It shows that, for any given unit tax on a nonuniform pricing monopoly, there exists an...

In this paper, the authors examine the nature of the relationship between bargaining structure and strike activity. In particular, they focus on the implications of the fact that the amount of information revealed by a union's actions depends on the bargaining environment in which it operates....