We designed an experiment that examines how knowledge about the price of a good, and the time at which the information … is received, affects how the good is experienced. The good in question was wine, and the price was either high or low …. Our results suggest that hosts offering wine to guests can safely reveal the price: much is gained if the wine is …

this paper is to provide an empirical assessment of the use of auction price information in short-run monetary policy … inflation are embedded in auction prices, such as primary commodity prices and the term structure of interest rates. The aim of …

This paper tests for the presence of adverse selection in thoroughbred yearling auction markets. Thoroughbred auctions … auction (breeders). If racers use private information, keeping those yearlings with a higher probability of on-track success …, they are likely to receive a lower price for similar yearlings as compared to breeders. Using data from Keeneland's 1994 …