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This paper was written in early 1982. On the basis of results from previous research, we had informally conjectured that sequential auctions of the types treated here would yield upward-drifting price...
Game Theory and the Spectrum Auctions.
Procuring Universal Service:Putting Auction Theory to Work
Procuring Universal Service Auction Theory
2015/7/21
Procuring Universal Service: Putting Auction Theory to Work.
A Theory of Auctions and Competitive Bidding.
CONTRACTING FOR GOVERNMENT SERVICES: THEORY AND EVIDENCE FROM U.S. CITIES
GOVERNMENT SERVICES EVIDENCE FROM
2015/7/21
Local governments can provide services with their own employees or by
contracting with private or public sector providers. We develop a model
of this ‘make-or-buy’ choice that highlights the trade-o...
Using Consumer Theory to Test Competing Business Cycle Models
Consumers luxury goods goods utilization
2015/7/20
Consumer theory suggests that expenditures on luxuries and dura-bles should be more cyclical than expenditures on necessities and nondurables. Estimating luxuriousness and durability for 57 con-sumer ...
Diagnosing Consumer Confusion and Sub-Optimal Shopping Effort:Theory and Mortgage-Market Evidence
Diagnosing Consumer Confusion Sub-Optimal Shopping Theory and Mortgage-Market
2015/7/20
Mortgage loans are leading examples of transactions where experts on one side of the market take advantage of consumers’ lack of knowledge and experience. We study the compensation that borrowers pay ...
Selection in Insurance Markets: Theory and Empirics in Pictures
Pictures Theory and Empirics
2015/7/17
ccare to the heavily regulated private markets for property and casualty are to the heavily regulated private markets for property and casualty
insurance, government intervention in insurance market...
Commitment is typically modelled by assigning to one of the players the ability to take an initial
binding action. The weakness of this approach is that the fundamental question of who has the opport...
We review the theoretical literature on market determinants of media bias. We present a
theoretical framework that organizes many key themes in the literature, and discuss substantive
lessons.
This paper uses a Lagrangian approach to provide general sufficient conditions under which money burning expenditures are used in an optimal delegation contract.We also apply our findings to a model o...
For almost two decades, scholars have stressed the need to make the
microfoundations of institutional theory more explicit (DiMaggio and Powell,
1991; Zucker, 1991). Curiously, there has been limi...
Analytical Optimal Control Theory as Applied to Stochastic and Non-Stochastic Economics
Mathematical Methods Economics
2015/5/13
Analytical Optimal Control Theory as Applied to Stochastic and Non-Stochastic Economics.
Taxation of exports – theory and practice
developing countries efficiency loss primary agricultural products
2015/5/4
Taxation of export has been used by many countries. As of June 2014, there are 53 member countries of the WTO using export tariffs or taxes. Theoretically, a large country which is able to influence t...