We analyze first-price equilibrium bidding behavior of capacity-constrained firms in a sequence of two procurement auctions. In the model, firms with a cost advantage in completing the project auctioned off at the end of the sequence may enter the unfavored first auction hoping to lose it....

We consider a game G(n) played by two players. There are n independent random variables Z(1),...,Z(n), each of which is uniformly distributed on [0,1]. Both players know n, the independence and the distribution of these random variables, but only player 1 knows the vector of realizations z :=...

We generalize exactness to games with non-transferable utility (NTU). In an exact game for each coalition there is a core allocation on the boundary of its payoff set. Convex games with transferable utility are well-known to be exact. We study five generalizations of convexity in the NTU...

In this paper we analyse limit pricing by an incumbent when faced by a multi-market entrant which can produce (subject to a constraint) in several markets simultaneously. We find that using three sizes of fixed costs, signalling occurs in even when entry cannot be deterred and that the limit...

In a novel experimental design we study dynamic public good games in which wealth is allowed to accumulate. More precisely each agents income at the end of a period serves as her endowment in the following period. In this setting growth and inequality arise endogenously allowing us to address...

This paper proposes a new way for detecting the presence of common cyclical featureswhen several time series are observed/sampled at different frequencies, hence generalizingthe common-frequency approach introduced by Engle and Kozicki 1993 and Vahid andEngle 1993. We start with the...

An important element for the public support of policies is their perceived justice. At the same time most policy choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when some recipients are exposed to uncertainty. Although,...

The immense literature on discrimination treats outcomes as relative One group suffers compared to another. But does a difference arise because agents discriminate against othersare exophobicor because they favor their own kindare endophilic This difference matters, as the relative importance of...

The strong wage effects related to mismatches between a workers education and that required in the job are usually attributed to assignment theory. This theory asserts that productivity and wages depend on the education-job match, which determines the utilization of skills. However, recent...

Collective decision making problems can be seen as finding an outcome that is closest to a concept of consensus. 1 introduced Closeness to Unanimity Procedure as a first example to this approach and showed that the Borda rule is the closest to unanimity under swap distance a.k.a the 2 distance....