We study behavior in a search experiment where sellers receive randomized bids from a computer. At any time, sellers can accept the highest standing bid or ask for another bid at positive costs. We find that sellers stop searching earlier than theoretically optimal. Inducing a mild form of time...

According to the rules of the current Government Procurement Law in Taiwan, the most advantageous tender is often determined based on the sum of ranks among all tenders. This method is criticized, however, for its violating the basic propositions of the measurement theory, being easily biased by...

To control, evaluate, and motivate their agents, firms employ supervisors. As shown by empirical investigations, biased evaluation by supervisors linked to collusion is a persistent feature of firms. This paper studies how deceptive supervision affects agency relationships. We consider a...