In production economies, the extent to which non-equilibria are blocked dependson the allocation of control rights among shareholders, because a blocking coalition’sresources are affected by the firms it jointly owns with outsiders. We formulate a notionof blocking that takes such...

We study the design of profit maximizing single unit auctions under the assumption that the seller needs to incur costs to contact prospective bidders and inform them about the auction. When bidders' types are independent (with^Mpossibly bidder-specific distributions) and their valuations are...

This paper investigates the design of seller-optimal auctions when winning bidders can attempt to resell the good. In that case, the optimal allocation characterized by Myerson (1981) cannot be achieved without resale. I find a sufficient and necessary condition for sincere bidding given the...

We investigate major conjectures regarding the prevalence of cosmetic surgical procedures and their determinants, using a quantitative multidisciplinary approach and a recent international dataset from the International Society of Aesthetic Plastic Surgeons. Cosmetic surgery predominantly...