Dieser Beitrag beschäftigt sich mit der zahlungsorientierten Gestaltung von Werkverträgen. Zunächst werden die rechtlichen Rahmenbedingungen dargestellt. Dann werden Alternativen zur Definition des Preises diskutiert und verschiedene Zahlungsmodalitäten untersucht. Mehrere Fallstudien aus...

In first- and second-price private value auctions with sequential bidding, second movers may discover the first movers’ bid. Equilibrium behavior in the first-price auction is mostly unaffected but there are multiple equilibria in the second- price auction. Consequently, comparative statics...

Concessions try to avoid conflict in bargaining and can finally lead to an agreement. Although they usually are seen as unfolding in time, concessions can also be studied in normal form or by conditioning only on failure of earlier agreement attempts. We experimentally compare three protocols of...